The Case For Ethical Capitalism
Employment Based Networks
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Venue: The British Library, 96 Euston Road, London. NW1 2DB - conference centre entrance.
Timings: 6.00pm - 6.30pm registration, 6.30pm start, 8.00pm finish followed by networking with wine and canapes.
AN EVENING WITH MICHAEL WOODFORD - THE FIRST CEO IN HISTORY TO BECOME A WHISTLEBLOWER AND REPORT ON HIS OWN COMPANY
This story is extraordinary. Michael Woodford the newly-appointed president and then CEO of Olympus wakes up to find that nobody is telling him the truth, facing an accounting fraud on a massive scale, approaching $2 billion. Even the chairman and the Head of Compliance and Governance are suspected of being in on it. The CEO faces a terrible dilemma that could put his and his family's lives at risk. Who can he trust? Certainly, not his own board. What lessons can be found in his experience about information and transparency in financial flows. Listen to his story, both hilarious and terrifying, as the decision he makes leads to the exposure of the scandal, the crash in the share price, the entire board’s resignation and him having to go around with armed police. This story will become a major motion picture, but is it so far away from what happens elsewhere? In today's business climate, are the risks of these sorts of frauds more likely? How can regulation work when even the trusted guardians can't be trusted? How much of this is going on right now? What would you do in Mr Woodford’s position?
PLEASE NOTE: You'll have an opportunity to purchase Michael Woodford's book 'Exposure: Inside the Olympus Scandal' and get it signed by him during the networking reception after the lecture!
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