The Keynote Speech from the Long Finance Spring Conference 2014: http://www.gresham.ac.uk/lectures-and-events/steady-as-she-goes-long-term-performance-measurement-in-finance
The Keynote Lecture from the Long Finance Spring Conference is given By Lady Susan Rice CBE, of the Lloyds Banking Group. She cosiders the possibilties and practicalities of a professional code of conduct for bankers. Is it a necessity or a luxury in the modern banking sphere, and just how could it be implemented?
The transcript and downloadable versions of the lecture are available from the Gresham College website: http://www.gresham.ac.uk/lectures-and-events/steady-as-she-goes-long-term-performance-measurement-in-finance
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Hosted by Bank of America Merrill Lynch and Gresham College, this event will explore suggestions for reforms of long-term measures in finance with Lady Susan Rice (Lloyd's Banking Group), Anthony Hene (GMO), Professor Paul Woolley (LSE), Kelly Clark (Marmanie) and Alderman Professor Michael Mainelli (Z/Yen Group). 'Long' is not just another four letter adjective for 'good'. Most theorists believe strongly that the first stepa towards governance, control and management, whether scientific or commercial or political, is measurement. If we adopt 'long' does that mean we need to drop 'measurement'? Over long periods we repeatedly find that not measuring people leads to low standards, slack practices and corruption. If we adopt 'measurement', are we excising the long term?