Posted at January 3, 2016, by Raleigh Addington, Comments Off on Watch Cornell Professor Eswar Prasad discuss the current state of the Chinese economy on “Bloomberg Surveillance”
Speaking on “Bloomberg Surveillance”, Eswar Prasad – a professor in the Dyson School at Cornell University, former head of the IMF’s China Division and the author of “The Dollar Trap” – offers his valuable insights on the state of the Chinese economy.
Eswar explains that although China’s manufacturing sector is currently not performing well – giving an impression that the economy is experiencing a rough patch – there are some strengths, particularly in the services sector. He goes on to point out some of the challenges facing the Chinese government, namely the need to crack down on inconsistent corporate governance.
Watch the video above for more, or click here to read an op-ed by Eswar in the New York Times, titled “China’s Fitful Economic Reforms”.
For more information on how to book Eswar Prasad as a speaker for your conference or event, please contact Leo von Bülow-Quirk at email@example.com or call 0044 (0) 20 7792 8000.
Posted at March 5, 2015, by Raleigh Addington, Comments Off on Michael Woodford: the Olympus CEO who blew the whistle on $1.7 billion fraud speaks about corporate governance, strong culture and leading by example
We strongly recommend you read Michael Woodford‘s critically acclaimed book, “Exposure” (2012). We also enjoyed “$1.7 Billion Fraud: Full Exposure” which premièred on Monday – the 75 minute documentary on the Olympus scandal from the acclaimed Japanese director Hyoe Yamamoto. Our Asia Pacific MD Raleigh Addington recently caught up with Michael in an exclusive interview, which you can listen to here. All are superb introductions to Michael’s extraordinary story.
“I’ve had the honour of hosting six Nobel Prize winners, three US presidents, two heads of state and an archbishop as well as many leading commentators from the fields of economics, finance, politics and civic society; Michael Woodford stands out as one of the most captivating and interesting speakers myself and our members have been lucky enough to hear from in our history.” CEO, Private Equity Firm
By far the best way of realising what it took for Michael to challenge the culture of fraud and cover up in the Olympus boardroom is to book him as a speaker. Michael talks about how to create and maintain a positive corporate culture, hardwire good governance into your organisation, socially responsible business and how all of us can move towards a more moral type of capitalism.
For more information on how to book Michael Woodford as a keynote speaker for your conference or client event, please get in touch with Leo von Bülow-Quirk at firstname.lastname@example.org or call on +44 (0) 20 7792 8000.
Posted at December 18, 2014, by Raleigh Addington, Comments Off on In conversation with Michael Woodford, the first CEO in history to become a whistleblower of his own company
Raleigh Addington, Chartwell’s new Managing Director for the Asia Pacific region, caught up with the famed whistleblower Michael Woodford MBE, former CEO of Olympus Industries, in the latest episode of our podcast series.
In a situation described as the Japanese Enron, Michael found himself in the middle of treachery and intrigue shortly after being appointed President of Olympus in April 2011, when he discovered a $1.7 billion accounting fraud. Olympus corporate executives were hiding huge investment losses through complex takeover deals and secret off-balance-sheet vehicles. Michael blew the whistle on the scandal and was fired on Oct. 14, 2011. When he left the building that day, he feared for his life.
Michael immediately left Japan and flew to England. After arrival in London he offered to speak to investigators. By 2012 the scandal he exposed had developed into one of the biggest and longest-lived loss-concealing financial scandals in the history of corporate Japan.
In this short interview, Michael discusses how life has changed since 2011, how Japanese culture inhibits the act of whistleblowing, and outlines the fundamental message he tells businesses worldwide.
For more information, or to book Michael Woodford as a keynote speaker for your conference or event, please contact Raleigh Addington at email@example.com or call +852 5512 9714.
Posted at May 7, 2014, by Raleigh Addington, Comments Off on Paul Myners publishes report on the Co-operative Group’s governance
Paul Myners, Senior Independent Director of The Co-operative Group Board, published his report today on the Co-operative Group, who asked him to lead a comprehensive, independent review of the Group’s governance.
His recommendations are based around three core pillars:
A professional and effective Board comparable with competitor organisations.
The establishment of an elected National Members Council to hold the Board to account and act as the voice for corporate values and principles.
Introduction of full democracy, through one member one vote, in place of the current representative democracy which puts the Co-op in the hands of less than 0.01% of its 8 million members.
In the report, Paul says that the “reforms I have set out are fully compatible with the core values and principles of Co-operative ownership. I have no interest in advocating the adoption of a PLC model, as some of my critics have claimed. But I do want to see a governance structure that works; the present one has lamentably failed.” He goes on to say that “radical decisions on governance structure need to be taken very soon – and with resolution – if the Co-op … is to be saved. The decision lies in the hands of the elected democrats.”