Center for Accounting Ethics, Governance, and the Public Interest Distinguished Speaker Series
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Event date: Monday, November 05, 2012, at 7:15 PM
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Location: Hilton 100
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Speaker: Steven B. Young, Global Executive Director of the Caux Round Table
Topic: "Rising from the Ashes of the Global Financial Crisis: Moving Toward a More Sustainable Global Financial System"
One thing became abundantly clear with the global financial crisis: the efficient market hypothesis - that free and largely unfettered markets will find stable equilibriums - is simply wrong in practice. The financial markets, left to their own devices, proved to be anything but well behaved and showed little ability to self-correct. Mr. Young proposes that a different paradigm must be adopted by government, business enterprises and business schools to ensure the viability of the global banking and financial system – one in which the strategic interests of owners and managers is more aligned with those of relevant stakeholders.
Contact: Nancy Donovan, 310.338.1979, ndonovan@lmu.edu
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