How do we achieve a more moral Capitalism?

The Contrarian Prize: Inaugural Annual Lecture

Lectures

Wednesday 20 November 2013, 18:00-21:00
Cass Business School, 106 Bunhill Row, London EC1Y 8TZ
Room: LG001
Registration: 06:00 PM-06:30 PM 

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An evening with Michael Woodford - the first CEO in history to become a whistleblower of his own corporation.

Description

As the inaugural winner of the Contrarian Prize, Michael Woodford - the former president and CEO of Olympus who exposed a $1.7 billion fraud and was sacked for doing so - will deliver the first Contrarian Prize annual lecture.

His story is extraordinary. Having discovered an accounting scandal on a massive scale, Woodford finds that nobody is telling him the truth. Even the chairman and the Head of Compliance are suspected of being in on it. He faces a terrible dilemma that could put his and his family's lives at risk. Who can he trust?

His decision to speak out leads to a crash in the share price, the resignation of the entire board and him having to be protected by armed police. This story will become a major motion picture, but is it so far removed from what may be happening elsewhere? In today's business climate, are the risks of this sort of fraud more likely? How can regulation work when captains of industry cannot be trusted? How much of this is going on right now? What would you do in Mr Woodford’s position?

The lecture will be followed by a reception at which Michael Woodford will be signing copies of his bestselling book “Exposure”.

6:00 - Registration and Refreshments
6:30 - Lecture in Auditorium
7:45 - Q&A
8:00 - Networking reception followed by book signing by Michael Woodford

The Contrarian Prize seeks to recognise individuals in British public life who go against the grain and put their head above the parapet by demonstrating independence, courage and sacrifice. It aims to shine a light on those who have made a meaningful contribution to the public debate through the ideas that they have introduced or the stand they have taken. Please visit www.contrarianprize.com to learn more and to nominate someone for this accolade.

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