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Ethics and Leadership News

June 14, 2010

Bernstein Center Hosts Conference on Governance, Executive Compensation and Excessive Risk in the Financial Services Industry

The Sanford C. Bernstein & Co. Center for Leadership and Ethics co-hosted the May 27 event with Friedrich-Ebert-Stiftung.


The financial crisis of 2008/09 has brought about a wide range of policy measures, and these measures have helped to circumvent a major global recession. The crisis has also reinforced the need for structural reforms—especially in the banking and financial services sector—that still have to be addressed by governments. In addition, the crisis has shown the need for policy coordination on a global level: prudent regulation and supervision on a national level alone is not sufficient to ensure that we lay the groundwork for a sustainable growth path.

This conference, co-hosted by the Sanford C. Bernstein & Co. Center for Leadership and Ethics and Friedrich-Ebert-Stiftung, brought together the latest academic research and industry best practices on corporate governance and compensation in the financial industry as well as the latest proposals for reform and regulation of these practices. The goal of the conference was to take stock of the recent research findings and to debate the various regulation proposals—at both the national and international level—to better identify the areas of consensus (if any) on these important issues. Ultimately, our goal was to contribute to help firms and governments to craft the best policies for promoting socially responsible and sustainable economies.

Keynote speakers included Susan Schmidt Bies, former member of the Federal Reserve Board, and Henry Hu, director of the Division of Risk, Strategy, and Financial Innovation at the U.S. Securities and Exchange Commission (SEC).

Read more about the event's speakers, their presentations and related academic papers.

 

Financial Innovation: A Risky Business?

Watch the trailer for our interactive debate exploring the value of financial markets, the interaction between government and innovation, and what role markets should play in society.

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This event was presented by Fred Friendly Seminars in partnership with the Sanford C. Bernstein & Co. Center for Leadership and Ethics, and was part of Columbia Business School’s Individual, Business and Society (IBS) curriculum.

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2014 Klion Forum

When: April 15th, 2014 6:00 PM-8:00 PM
Where: 3022 Broadway
Calder Lounge, Uris Hall (1st Floor)
New York, NY 10027

Register Now >

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Join Ms. Denise Morrison, CEO of Campbell Soup, and Ms. Ellen Kaden, chief legal and government affairs officer of Campbell Soup, for a fireside chat moderated by Professor Bruce Kogut on board governance and maintaining high ethical principles in a competitive market.

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Featured Video

With rapidly changing consumer tastes, many food companies are looking to expand their markets at home and overseas. How does an iconic American company stay relevant?

Featured Research

The Small Worlds of Corporate Governance
Identifies "structural breaks" — privatization, for example, or globalization — and assesses why powerful actors across countries behave similarly or differently in terms of network properties and corporate governance.

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Program Brochure

View the Bernstein Center brochure, Ethical Challenges in Business

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