November 19th 2008

The current crisis in international financial markets is also a crisis in corporate governance and regulation. The most severe financial disaster since the Great Depression, it exposes the dangers of unregulated financial markets, minimal risk management and nominal corporate governance.

This public lecture explores the implications of this crisis for the years ahead. It details how it originated in Wall Street where deregulation unleashed highly incentivised investment banks to flood world markets with toxic financial securities. As a stunning series of banks and investment companies collapse in the United States and in Europe, a frightening dimension of the global economy has become apparent: a new world disorder of volatile markets and deep financial insecurity.

Introduced by:
Professor Roy Green, UTS Dean of Business

Professor Green is formerly Dean of MGSM and Dean of the Faculty of Commerce at the National University of Ireland. He is widely published in the areas of innovation, industry policy, regional development and workplace analysis. He recently led a Federal Government review of the textiles, clothing and footwear industries.

Professor Thomas Clarke
Thomas Clarke is a UTS Business Faculty Professor of Management and Director of the University's Centre for Corporate Governance. He leads a large inter-disciplinary team of researchers examining international comparative corporate governance, the financial aspects of corporate governance, directors' duties and role of the board, and legal and ethical aspects of corporate sustainability. Previously he was DBM Professor of Corporate Governance at the Leeds Business School, UK and Visiting Professor at the China Europe International Business School, Shanghai, and was a member of the Royal Society of Arts Tomorrow's Company Inquiry. He has published widely and his latest work is International Corporate Governance, London and New York: Routledge.

Resources

• flyer (PDF 112k)
• presentation slides (PDF 3.2 MB)
• audio recording (MP3 25.3 MB)

UTSPEAKS: is a free public lecture series presented by UTS experts discussing a range of important issues confronting contemporary Australia