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29 November 2012 | London, UK There is shared and widespread concern over how financial markets are working. As economic prospects remain uncertain there has been a breakdown of trust and confidence. The relationship between business and society has become corrosive, weakening business’s license to operate and imposing increasing costs on business and finance. Our challenge now is to strengthen the stability of the global system in a way that does not require excessive and counter-productive capital adequacy regulations and other interventions. The only way to do this is to change cultures and behaviours, regenerating the system from within, with a particular focus on creating fit for purpose incentive structures. As part of our Tomorrow’s Capital Markets programme, and on behalf of Tomorrow’s Company, UNEP-FI and other project partners, we would like to invite you to a high-level event on Thursday 29 November 2012, from 4:30 to 7:00pm at LSO St Luke’s, 161 Old Street, London EC1V 9NG.
Participants at the event will be discussing: • The changing role of capital markets • The lack of alignment between incentives and the interests of beneficiaries • The need for increased transparency on the structure of incentives and the need to show a clear link between reward and value creation • The need for strong leadership in setting the right, firm-wide, cultural context within which hard incentives such as remuneration operate.
Key contributions from: Paul Abberley, Interim Chief Executive, Aviva Investors; Andrew Fisher, Chief Executive, Towry; Jessica Fries, Director, Integrated Reporting Council and Executive Chair, The Prince’s Accounting for Sustainability; Erika Karp, Managing Director, Head of Global Sector Research, UBS; David Pitt-Watson, UNEP-FI; Charles Tilley, Chief Executive, CIMA; Steve Waygood, Chief Responsible Investment Officer, Aviva Investors Tim Wright, Financial Services Director, PwC. The event is designed around dialogue between those who are active in the financial system, therefore places are limited and your registration will be confirmed subject to availability.
More information here. Contact: investment [at] unepfi.org
