On the 28th of February, the Jury of the Polish Edition designated the laureates of the First Polish Edition of the Prize. The Gala Award Ceremony took place in Warsaw.
The Polish Edition was organized, in cooperation with the Global Edition, be the Commission for Banking Ethics of the Polish Banking Association. The Jury was working in total anonymity and independence, under the auspices of organizing bodies. The Awards have been sponsored by the following institutions:
For this first edition about 30 essays have been handed in and four of them rewarded by the Jury. Two, ex equo, second place prizes have been awarded (10’000 PLN each), and two, ex aequo third place awards (4’000 PLN). The decision of the Jury underlines the high quality of rewarded works but also the difficulty of the Jury to identify a sole outstanding work.
These four essays will be translated into English and join later this year the Global Edition of Ethics in Finance- Robin Cosgrove Prize 2012-2013 (www.robincosgroveprize.org). The Global award ceremony will take place in Geneva in November 2013.
The laureates of the 1st Polish edition of the Competition:
• Ewa Kruchowska (philosopher and psychologist) – What if (meta) rules of the game where changed? (ex aequo, 2nd place award)
• Marcin Stroński ‘ (bank employee) Are sales’ objectives setting the ground for breaking ethical rules in banking?” (ex aequo, 3nd place award)
• Krzysztof Świeszczak (academic researcher); Bank advisor as the first link between the bank and the client: an ethical analysis at micro level, (ex aequo, 3nd place award)
• Nikodem Szumiło (doctoral student), Ethics as condition for information efficiency of financial markets ’ (ex aequo, 2nd place award)
The awarded essays can be found : http://www.alebank.pl/index.php?option=com_content&view=article&id=31955:nagrody-w-konkursie-etyka-w-finansach-wreczone&catid=357:bankowo&Itemid=221&template=alebankpl:
Composition of the Jury
• Prof. P.H. Dembinski (Chairman, co-chairman of the Iberoamerican and Global Juries)
• Władysław Gołębiewski (Vice-Chariman)
• Prof. Róża Milic-Czerniak (Memeber of the Global Jury)
• Prof. Wojciech Gasparski
• Prof. Michał Romanowski
• Prof. Jerzy Pruski
• Andrzej S. Nartowski
• Teresa Kudlicka
• Izabela Mościcka
• Włodzimierz Grudziński
• Jakub Kuriata (Laureate of the Global Prize, editon 2010-2011)
More information (in Polish) here: http://www.zbp.pl/site.php?s=MTM1MTkxMjE
Ethics in Finance: meeting on 7th September, to promote the new edition of the Robin Cosgrove Prize.
The pressure is on financial enterprises to energize their staff to go beyond compliance to ensure an ethical culture, encouraging integrity and transparency at a time when there is a widespread crisis of trust in the finance sector. The meeting hosted by Citi on 7th September 2012 in London brought together a persuasive panel of speakers with Stuart Popham of Citi’s EMEA Banking in the chair. Launching the fourth edition of the global Ethics in Finance Robin Cosgrove Prize in the United Kingdom, Stuart called on young finance professionals from banking, insurance, accounting and other parts of the business to reflect on how they could submit a brief paper with Innovative Ideas on Ethics in Finance.
Simon Thompson of the Chartered Banker Institute outlined the basis of what he termed “ethical professionalism” and Philippa Foster-Back of the Institute of Business Ethics explained the concept of a pyramid of ethical values, so essential to creating an open culture in financial enterprises. Jakub Kuriata, who won the 2011 global Prize, encouraged other young professionals and advanced students of finance to contribute to the global debate via an entry for the Prize, whose closing date is 31st March 2013. Stephen Harris of WealthBriefing.com stressed the need for all firms in the sector to consider ethical audits as part of their due diligence procedures.
Carol Cosgrove-Sacks thanked the many participants for their contributions to the discussions and thanked Citigroup for its generosity in hosting the excellent meeting. She drew the attention of the meeting to the new book, , recently published by Globethics.net, which brings together all the best papers from the previous competitions for the Prize. The aim of the Prize, she said, is to strengthen the sustainability of ethics in finance and to reinforce its implementation both through the global Prize and also through the regional Ibero-American Prize, sponsored by MAPFRE of Madrid.
The volume brings together the twenty-three best papers submitted for the Prizes in 2007, 2009 and 2011, with a preface by John Plender of the Financial Times. The book is edited by Carol Cosgrove-Sacks and Paul Dembinski. All the papers printed in the book are now in English.
The papers submitted for the Ethics in Finance Robin Cosgrove Prize published in the book retain a remarkable freshness and add a welcome dimension to understanding the current financial crisis, especially from the perspective of young finance professionals concerned with the core values of trust, integrity and ethical behaviour in the financial sector. They underline the importance of going beyond compliance, the role of standards, and visions of solidarity and sustainability in finance.
More info: See http://www.globethics.net/web/ge/research/publications