33d Annual Conference of European Business Ethics Network
Self-Regulation of Market Ethics
St. Petersburg, June 23-26, 2020

June 24
Session 1 - 10:00 - 13:30
Ethics and compliance are becoming an essential part of the corporate culture in large financial companies with risk-based approach and customer-oriented management. In the long run this approach improves the attractiveness of the national financial mar-ket, consumer protection and the well-being of all responsible market participants. However, implementation of ethical culture may be slowed down by a series of psychological, cultural and institutional barriers. How can leading companies, self-regulatory organizations, and government regulators together remove these barriers? The session will discuss the main trends and problems in development of ethics and compliance in financial companies and financial markets.
Moderator: Irina Grekova (ATON Group, RBEN Vice-President in Compliance)
Speakers: respresentatives of Bank of Russia, financial organizations and associations
10:00 - 11:30: Plenary Session "Financial Markets: From Rules to Principles"
12:00 - 13:30: Round Table "Best Practices of Compliance Implementation in Financial Organizations"
Corporate Partner
Session 2 - 14:30 - 18:00
One area of best practices in anti-corruption corporate programs of many European and Russian companies is based on the development of a strong ethical culture. Cor-porate values such as integrity, honesty, transparency help to ensure that executives, managers and employees willingly comply with multiple legal requirements for business including anti-corruption compliance. Codes of ethics in leading companies are not just formal declarations, but working anti-corruption tools. Therefore, the future development of the government anti-corruption policy should be seen not only in the field of criminal law and prosecution, but also in wide promotion of ethical and com-pliance education in both private and public sectors. The session will provide practical examples of the successful implementation of ethical tools for effective corruption prevention.
14:30 - 16:00: Plenary
The Role of Corporate Ethics and Compliance Programs in Fighting Corruption
Moderator: Ilsur Akhmetshin (Vimpelcom)
Speakers: Gemma Aiolfi (Basel Institute), Philip M. Nichols (Wharton School, University of Pennsylvania), Michael S. Aßländer (Deputy chairman of Austrian Business Ethics Network), Alexei Konov (Director of Anticorruption Center of HSE University)
16:30 - 18:00: Workshop
Modern Tools of Anti-Corruption Therapy: Ethical Leadership, Ethical Training, Ethical Audit
Speakers: Ilsur Akhmentshin (Vimpelcom) and Maxim Storchevoy (RBEN)
We will examine the successful experience of Vimplecom of applying new ethical tools developed in collaboration with RBEN and HSE University. The workshop participants will learn: 1) how to persuade the CEO that implementation of a strategic business ethics project in a company is an effective anti-corruption tool, 2) what role is played by ethical leadership and how to stimulate it in a management team, 3) why professional ethics training for company managers is required, 4) the benefits of external independent audit of its ethics and compliance management system.
Corporate Partner
June 25
Session 3 - 10:00 - 13:30
In every market there is the possibility of unethical behavior (abuse of market power, poor quality, misinformation, manipulation, etc.). Can the market independently establish and enforce the ethical rules of the game, or this task may be effectively accomplished only by the state? What is an effective model for coregulation when the state regulator acts in concert with industry associations and self-regulatory organizations? In this session we will review the best practices and failures in self-regulation from the last ten years and will try to suggest the steps for future progress.
Moderator: Maxim Storchevoy (HSE University)
Speakers: Representatives of Federal Antritrust Service of the Russian FederatioN (FAS) and industrial associations
10:00 - 11:30: Plenary Session "Self-Regulation: The Search of Optimal Model"
12:00 - 13:30: Round Table "How to Develop Monitoring of Unethical Behavior"
Corporate Partner
Session 4 - 14:30 - 18:00
Contemporary consumer society is based upon endless economic growth as a normal way of living and doing business. But is such behavior compatible with the principles of sustainability? We believe that the concept of linear economy is obsolete and should be replaced by the more progressive concepts of circular and regenerative economy. If such a transition is possible what are the limits to growth and is de-growth an utopian idea? How can we shape innovative models of sustainable business, which take the issue of growth responsibly and sustainably?
Moderators: Irina Bakhtina (Unilever), Ekaterina Ivanova (HSE University)
Speakers: representatives of FAS and Russian companies
14:30 - 16:00: Plenary Session "Cyclical and Regenerative Economy: Main Challenges"
16:30 - 18:00: Round Table "Transition to Cyclical: The Experience of Russian Companies"
Corporate Partner
26 June
Session 5 - 10:00 - 16:00
Organized in cooperation with UNECON and The Carol and Lawrence Zicklin Center of Business Ethics at Wharton University
Moderators: Philip Nichols (Wharton School, University of Pennsylvania), Patricia Dowden (CEO of Center for Business Ethics and Corporate Governance)
10:00 - 11:30: Plenary Session
The Role of State Policy and Corporate Governance in Fair Competition
How competing ethical standards under various laws and legal systems businesses have to be navigated by business leaders, e.g., a demand for open competition among suppliers in order to discourage price fixing and competition destruction, while widely accepted global compliance standards encourage limiting local relationships to trusted ethical partners. In Russia, the situation has been complicated by a significant shift in how – and why - Russian boards of directors changed their orientation from openness (before 2010) to state-oriented (after 2010).
Спикеры: Andrei Tsyganov (Deputy Director, Federal Antimonopoly Service of Russia), Igor Belikov (Director of Russian Institute of Directors), Vasilisa Strizh (partner of Morgan Lewis)
12:00 - 13:30: Panel Discussion
Operationalizing Ethical Culture: International Best Practices and Challenges for Boards of Directors and Managers
How ethics is supported and controlled by boards of directors, and how their decisions are shaped by global norms.
Speakers: Mathilde Menard (OECD), Gemma Aiolfi (Basel Institute)
14:30 - 16:00: Panel Discussion
Comparing Corporate Governance In Russian Private Companies, Russian State-Owned Enterprises, Russian Multinationals
How different corporate ownership structures in Russia affect their corporate governance activities, with emphasis on ethical infrastructure. This session will provide company-specific examples of the issues described in the Plenary Session.
Speakers: David Matlock (Head of Debt Capital Market at Alfa Bank), Irina Kibina (expert in corporate affairs, former top manager of TNK-BP, Interbew, EVRAZ, Sberbank, Rusatom Overseas)
Corporate Partner