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Andy Love MP has agreed to host a meeting in the House of Commons on ethical business - myth or reality.
Adam Smith the great advocate of laissez faire capitalism once said, "People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices."
How true is this to day and how possible is it for business to be ethical? Certainly since the late 1980s there has been growing pressure on business to consider the “greater good” but recent events especially in the banking industry and public utilities question whether this is possible.
Speaking at this meeting will be,
Andy Love MP who is Chair of the Parliamentary All Party Group on Small and Medium Sized Enterprises (SMEs) and is also on the Social Enterprise All Party Group as well. Andy is also a Co-operative MP and a great advocate of the cooperative movement that came into being in the 19th century as an alternative to then then growing laissez faire capitalism.
Christiana Fatoki is the founder and CEO of Visionnaire Consulting a Social Enterprise that promotes Ethical Financial Advice who uses their profits to provide Financial Education to support hard to reach communities. Visionnaire also provide programmes and partner with Charities to help their vulnerable users gain a better understanding of their finances and plan for the future.
Christiana has spoken at a number of leading industry conferences, events, workshops and roundtables. Recent conferences have included RSA Reboot, Theology of Land Conference, reviewing the state of the tax system and speaking for the Young Fabian Future of Finance Network. She is also filmed a documentary on debt suicide with economist Fred Harrison and played a leading role in Taxing Question of Land due to screened at the RSA on the 3rd of September.
Tony Greenham is Head of Finance and Business at nef, leading the programme of research into reforming the financial sector and aligning the interests of society and business.In addition to the programme areas of banking reform, monetary policy, community currencies and sustainable financial markets, he has research interests in local and regional development, and post-growth economics. Tony is a regular media commentator on banking issues, contributing to various BBC programmes including BBC Today, Newsnight, Radio 5 Live, as well as Sky News and Channel 4 News and writing for the Sunday Times, Guardian, Daily Mail and Huffington Post.
Lily Lapenna is the CEO and founder of UK based social enterprise MyBnk. In this role, Lily has been appointed a Young Global Leader by the World Economic Forum in 2011, selected as an Ashoka fellow in 2010, and named Social Entrepreneur of the Year by the New Statesman in 2008. As a speaker she has passionately made the case for social enterprise, financial and enterprise education and women in leadership. She has shared her experiences at The World Economic in Dalian and in Brussels as well as speaking at academic institutions including: the London Business School, The University of Oxford, the Cass Business School (London), IESE Business School (Barcelona)
Lily will also be bringing with her one of the young people Mybank has helped. Bejay Mulenga is an 18-year-old social entrepreneur with a background in youth marketing and branding. He is currently the founder and director of Supa Tuck , a youth-run, school based, enterprise programme where young people run their own tuck shop. Bejay has just finished his A-levels and has spent the summer getting his social enterprise of the ground with support and investment from MyBnk. He is also currently studying a Business Management course at Westminster College.
In this meeting we will discuss if businesses can behave in an open and ethical way. We will not only look at the behaviour of major corporations but also at the growing social enterprise movement.
It is clear that some businesses do advocate an ethical code and profess the importance of it. Then again there is the blossoming social enterprise and social business movements that have grown up in the last 20 years and many of these believe that business must also address the social good as well as make a profit. Many are created to do both and some see themselves as an ethical alternative to corporate capitalism.
This movement will look not only look at established corporate capitalism but also at the growing social enterprise movement and discuss if this is the way forward to a more open, transparent and ethical future.
This meeting is being sup[ported and sponsored by Visionnaire a social enterprise that promotes alternative forms of finance and supports grass roots movements to change the way that the financial system is currently run and managed.
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