|Cathedral closed until further notice|
Good business will 'attract, nurture and reward good people'
15 April 2013
A series of debates on ethics and the purpose of the financial sector has begun with discussion on
Good People, led by the Head of the Roman Catholic Church in England and Wales.
WATCH THE FULL VIDEO OF THE DEBATE
The panel debate, held underneath the dome of St Paul's on Thursday 11 April, saw Archbishop Vincent Nichols give a key note address to an audience of more than 750.
VIEW IMAGES FROM THE DEBATE
In his address, Archbishop Nichols called for "good people bound by good purpose”, adding "business that has a compelling story about its purpose, that lives its values in this way, will 'crowd-in', not 'crowd-out', virtue. It will attract, nurture and reward good people. It will inspire the good in people and help create the common bonds that serve to reduce inequality by providing opportunities and operating in every aspect of its work in a fair and equitable way.”
READ ARCHBISHOP NICHOLS' FULL ADDRESS
Joining Archbishop Nichols on the panel to discuss the role of Good People in the City, were Peter Selby, former Bishop of Worcester; Baroness Helena Kennedy QC and Tracey McDermott of the Financial Conduct Authority. The event was chaired by Stephanie Flanders, BBC Economics Editor.
All panel members responded to the initial address before the audience was asked to contribute questions.
Good People was the first of three debates under the topic, The City
and the Common Good: What kind of City do we want?
Organised by St Paul's Institute, in conjunction with CCLA, investment manager for charities, churches and local authorities, the series of debates under the dome of St Paul’s Cathedral seek to stimulate public dialogue on the role of the financial sector in society today.
Canon Mark Oakley, Chancellor of St Paul’s Cathedral, said of the series: "The former Archbishop of Canterbury often reminded us that the word
economy has its origins in the word for housekeeping. A household is somewhere where life is lived in common, an attempt to stabilize that
common life into an environment where its members grow and flourish in useful ways and where the vulnerable members are protected. It is that
common life, of wanting to bring back conversation to the structure of economic life with an intelligent and fearless scrutiny about our
choices and long-term goals, that is at the heart of this series.”
Tweets from the debate can be viewed under the #CommonGood hash tag.
A full recording of the event will be on the St Paul’s Institute website early next week.
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