The inaugural Banking and Finance Oath conference placed an ethical lens over a number of areas within the industry that are challenged with complex decision making and potential conflicts of interest.
View the short highlights film to see some highlights.
Films of the full discussions/presentations
With Simon McKeon chairing the day and Francesca Boase, MD Edelman Australia sharing new findings from The Edelman Trust Barometer, the scene was set for a day of open discussion that challenged the tough issues.
Has regulation become self-defeating or inadvertently encourages unethical behaviour. Professor Dimity Kingsford-Smith, Steve Weston, formerly of Barclays UK, Peter Kell, Deputy Chair ASIC
Brad Cooper, CEO BT FInancial, Helen Rowell, Deputy Chair APRA, Pauline Vamos, CEO Regnan.
Clare Payne explores the ethics of language and the language of ethics.The language of business is loaded with acronyms, abstractions and war references. Most notably, the language of business and finance is devoid of the ‘language of ethics’ – allowing us to ignore our moral compass all together.
Is speaking up worth it to the individual or the organisation? If so, is a formal whistleblowing program the way to go? Dennis Gentilin and Professor A.J. Brown share and explore new findings.
Strengthening the social contract of banking. This session was Chatham House. The panalists included James Eyers, Stephen Mayne, Harrison Young, Jon Sutton and was moderated by Professor Elizabeth Sheedy.
There was media reporting on parts of this session.
SMH, Clancy Yeates
AFR, James Eyers
Lucinda Brogden explores the human and economic cost of not doing the right thing. She explores the statement 'culture eats strategy for breakfast' and suggests fruitbowls, yoga and engagement surveys are not necessarily the answer.
Tony Golsby - Smith, founder of Second Road explores the fourth revolution. The question is not what is the future of work but what is the work of the future and what does it mean to be truly human.
The collection of personal data is integral to improved customer service but what ethical considerations are being made when designing products? With potentially 40% of current roles becoming obselete what roles will people play? Speakers include Lucinda Brogden, Dr Kingsley Jones, Dr Catriona Wallace and Dr Simon Longstaff.
Measuring culture...some say it's easy but how can we do it?How do we iterate ethics accross the sector? Speakers include Diane Tate, Victoria Whitaker, Grant MacKinnon and Professor Justin O'Brien.
It doesn't take a lot of words to have a lot of meaning.The importance of ethics to the individual, to business and to society is simply expressed through images and words. Thank you to the talented Glider Global for producing this film that played through out the day.
A warm thank you to all the speakers who gave there time and talent on the day. Everyone was courageous and willing to push the boundaries to discuss issues that are often hard to address.
Simon McKeon AO, Chairman, Banking & Finance Oath Policy Council, Chancellor, Monash University