“Tell It Like It Is: The Ethics of Financial Transparency” is the first panel session today at the Ethics, Trust & Transparency conference and features Terry Smith, President and CEO, Federal Home Loan Bank of Dallas, with Allan Sloan, Senior Editor-at-Large, Fortune.
“I believe the most important lesson the recent financial crisis taught us is that our financial system is only as strong as the confidence it instills in those that rely upon it.” says Terry Smith. “Market participants lost faith in the accuracy of the information they were receiving from both the private sector and government. The level of uncertainty created by the resultant distrust of any clear, transparent information related to the condition of major corporations and potential government responses led to the near-collapse of global capital markets.
Speaking at the Ethics, Trust and Transparency conference this week, Doug Levy is the CEO of imc² believes strongly in the power of capitalism and the importance of preserving the ethics within capitalism.
On Wednesday at the Ethics, Trust and Transparency conference, Allan Sloan the Senior Editor at Large for Fortune will speak on a panel dealing with financial transparency.
“There’s a huge difference between transparency and disclosure,” says Sloan. “Companies, especially companies doing business on Wall Street, make endless disclosures-but they’re not necessarily of any use to anybody other than the company and the people who get paid big bucks to create opaque documents.
Senior Fellow in Government Ethics for Santa Clara University, and speaker at this week’s Trust, Ethics & Transparency conference, Judy Nadler explains, “The law is the floor, not the ceiling. Just because something is legal doesn’t mean it is ethical. It is critical to view ethics from a values-based perspective.”
Ethics is something that needs to continuously nurtured, invited and discussed says Kathleen Edmond, Chief of Ethics for Best Buy and speaker at the Maguire Center’s Ethics, Trust & Transparency conference.
In an interview, Edmond said “One of the things that is imperative is we have to listen and invite the conversation” of ethics, trust and transparency in the business setting.
What is the purpose of business? That’s the question Keven Ann Willey, Vice President and page editor of The Dallas Morning News, will answer while speaking on transparency and accountability at this week’s Trust, Ethics & Transparency conference.
“We will be discussing what the purpose of business is,” said Willey. “To maximize profits for shareholders? To provide desired goods and services for mutual benefit?”
The state of trust today across all institutions, whether government, business, media or non-governmental is extremely fragile says Matthew Harrington, CEO and President of Edelman and keynote speaker at this week’s Trust, Ethics & Transparency conference.
“In this environment it behooves any organization to make building trust a priority,” said Harrington, “because trust, the belief that an individual or enterprise will do what is right, is what provides the license to operate.”
The Dallas Morning News reported in a City Hall Blog story Sunday that the Dallas City Council may attend this week’s Ethics, Trust & Transparency conference en masse. Continue reading
Next weeks Ethics, Trust & Transparency conference on the SMU campus just got easier to attend with the announcement that the entire event will be streamed on the web.
Every minute of the conference, beginning at 8:20 am, Wednesday, November 2, 2011 will be video streamed free-of-charge on the main page of the Maguire Center’s website at http://www.smu.edu/Provost/Ethics.aspx
The Cary M. Maguire Center for Ethics and Public Responsibility will host the Ethics, Trust & Transparency conference on Wednesday, November 2, 2011 in the Jim Collins Conference Center on Southern Methodist University’s Dallas campus. Registration to attend the conference is open to the public. For more information and to register online, click here or copy and paste this URL in your web browser.
Register now for the “Ethics, Trust and Transparency” conference scheduled next Wednesday, 7:30 a.m. to 1:30 p.m. in the Crum Auditorium at the Jim Collins Executive Center on the SMU campus.
At a time when confidence in government and business leaders has been rocked by scandal and questionable decisions it will be both healthy and interesting to hear presentations from business, government, news and academic leaders about ethics and responsibility.
Registration is $40 and open to the public. For more information on the conference and the Maguire Center for Ethics and Public Responsibility, click here.