18TH INTERNATIONAL SYMPOSIUM ON ETHICS, BUSINESS AND SOCIETY ETHICS IN ACCOUNTING, FINANCE, AND BANKING: TOWARD A MORE COMPREHENSIVE INTEGRATION

Transcription

1 18TH INTERNATIONAL SYMPOSIUM ON ETHICS, BUSINESS AND SOCIETY ETHICS IN ACCOUNTING, FINANCE, AND BANKING: TOWARD A MORE COMPREHENSIVE INTEGRATION Barcelona, June 30 - July 1, 2014

2 RATIONALE Today we must regain control of the future before it is too late reverse the financialization process and ensure that finance once again operates in the interests of human dignity and progress. Manifesto of Observatoire de la Finance Moral voices encourage us to rethink the current situation in the aftermath of the crisis that started in 2008, which has been characterized as a global financial crisis. Prior to this, notorious accounting frauds and financial scandals had shaken the business world and aroused public opinion. More recently, at least in some countries, banking has been under scrutiny for questionable practices which have raised general concern regarding its role and contribution to the common good. Likewise, some auditing activities have been questioned. Managers, businesspeople, politicians and, of course, academics and researchers should learn from the causes of this crisis and theses scandals and reflect on the proper role and ethical implications of finance and accounting. It seems necessary to analyze criticism and to present recommendations and alternatives in order to integrate ethics and efficiency, as well as to motivate and empower practitioners in the world of finance to commit to justice, fairness, enhanced understanding, and personal integrity. A great deal of work has already been done regarding ethics in Accounting, in Finance and in Banking. However, the field is still open to new contributions and perspectives and above all, a more comprehensive integration of ethics into these matters. The proposal of this Symposium is to reflect on and discuss the role of ethics in finance, accounting and banking and how such activities can be understood in a more comprehensive way, consistently integrating ethics in these practices.

3 SCHEDULE Monday, June 30 8:15 8:45 Registration 8:45 9:00 Welcome Addresses and Introduction JORDI CANALS, Dean of IESE Business School DOMÈNEC MELÉ, Chairperson of the Symposium 9:00 10:15 Plenary Session I: ETHICS IN CORPORATE FINANCE AND GOVERNANCE 10:15 10:45 Coffee Break The Ethical Foundations of Corporate Finance, Governance and Accounting COLIN MAYER, Peter Moores Professor of Management Studies, Saïd Business School, University of Oxford, UK For-Profit Social Enterprise: Challenges and Opportunities JOHN R. BOATRIGHT, the Raymond C. Baumhart, Professor of Business Ethics and Professor of Management Graduate School of Business, Loyola University of Chicago Chairperson: ANTONIO ARGANDOÑA, Professor of Economics and Holder of La Caixa Chair of Corporate Social Responsibility and Corporate Governance, IESE Business School 10:45 12:15 Plenary Session II: BANKING FOR THE COMMON GOOD Is Competition in Banking Good for Society? XAVIER VIVES, Professor of Economics and Financial Management, Holder of the Abertis Chair of Regulation, Competition and Public Policy and Director of the Public-Private Sector Research Center, IESE Business School CSR Reports of the Financial Institutions Worldwide S. PRAKASH SETHI, Senior Fellow, Weissman Center for International Business, University Distinguished Professor, Baruch College, the City University of New York, USA TERRENCE F. MARTELL, Director, Weissman Center for International Business, Saxe Distinguished Professor of Finance Baruch College, the City University of New York, USA Regulations and Responsibility in Banking. A Practitioner s Perspective ROBERT B. ATWELL, Chairman and CEO of Nicolet National Bank, Wisconsin, USA Chairperson: AHMAD RAHNEMA, Director of Financial Management, IESE Business School 12: 15-12:30 Break 12:30-14:00 Concurrent Sessions I 14:00-15:15 Lunch (IESE - North Campus) 15:15-16:30 Plenary Session III: THE ROLE OF ETHICS IN TAKING FINANCIAL RISKS Can Ethics in Finance Prevent Systemic Risk? PAUL H. DEMBINSKI, Director, Foundation of the Observatoire de la Finance and Professor, University of Fribourg, Switzerland Financial Leverage, Risk and Profit. Why Practical Wisdom is So Important? ANTONI SUBIRÀ, Emeritus Professor of Finance, IESE Business School and former Minister of Industry and Trade, Catalonia Government Chairperson: EDUARDO MARTÍNEZ ABASCAL, Professor of Financial Management, IESE Business School 16:30-16:45 Break 16:45-18:45 Concurrent sessions II 20:30 22:30 Conference Dinner (Bus leaving at 20:05 - Sansi Hotel)

4 SCHEDULE Tuesday, July 1 9:00 10:15 Plenary Session IV: INTEGRATING ETHICS INTO ACCOUNTING AND FINANCE 10:15 10:45 Coffee Break Accounting, Management Control and the Financial Function in the Mission of the Firm JOSEP MARIA ROSANAS, Professor of Accounting and Control and Holder of the Crèdit Andorrà Chair of Markets, Organizations and Humanism, IESE Business School. Truthfulness in Accounting and Financial Reports: Why, What and How? ORIOL AMAT, Professor of Accounting, Universitat Pompeu Fabra, Barcelona. Member of the Spanish National Securities Market Commission Chairperson: LUIS PALENCIA, Director of Accounting and Control, IESE 10:45-12:45 Concurrent Sessions III 12:45 13:00 Break 13:00-14:30 Panel: RESPONSIBILITY IN INVESTING Socially Responsible Investment: Current Situation and Perspectives JAUME IGLESIES, Head of Values Based Investing, UBS AG, Zürich, Switzerland Can Impact Investing Be a Force for Moral Good? HARRY HUMMELS, Managing Director of SNS Impact Investing and Professor of Ethics, Organisations and Society, Maastricht University s School of Business and Economics, The Netherlands Responsible Investing: How Dialogue Works in Shareholder Engagement FABRIZIO FERRARO, Associate Professor of Strategic Management, IESE Business School Chairperson: JOAN FONTRODONA, Director of Business Ethics, IESE Business School 14:30 15:45 Cocktail Reception and Farewell 16:00 Optional visit to Sagrada Familia

5 CONFERENCE INFORMATION VENUE IESE Business School Auditorium South Campus Av. Pearson 21, Barcelona LANGUAGE English UPDATED INFORMATION For updated information about the conference, Barcelona and other details, please visit: ORGANIZER Chair of Business Ethics, IESE Business School ORGANIZER COMMITTEE DOMÈNEC MELÉ Chairperson Professor of Business Ethics Chair of Business Ethics JOAN FONTRODONA Associate Professor of Business Ethics Academic Director of the IESE Center for Business in Society AHMAD RAHNEMA Professor and Head of the Department of Financial Management at IESE Business School Associate Director of Faculty at IESE JOSEP MARIA ROSANAS Professor of Accounting and Control Holder of the Crèdit Andorrà Chair of Markets, Organizations and Humanism at IESE ESTHER RIBES Research Events Unit

6 IESE Business School Av. Pearson, Barcelona, Spain Tel.: Camino del Cerro del Águila, Madrid, Spain Tel.: symposium@iese.edu 165 W. 57th Street New York, NY USA Tel.: Pacellistr Munich, Germany Tel.: IESE Business