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Bentley Global Business Ethics Symposium Addresses Pressing Topic of Enterprise Risk Management, May 19

May 11, 2008

"Businesses need to take a much more holistic and proactive approach to identifying, assessing and analyzing risk in today's rapidly changing global business world." -- Tony Buono, management professor and coordinator of the Bentley Alliance for Ethics and Social Responsibility

In today's volatile global market, the relevance and effectiveness of managing risk has never been more urgent or pressing. International business leaders and faculty will gather at Bentley College on Monday, May 19, for the fourth annual Global Business Ethics Symposium sponsored by the State Street Foundation, Inc. The program will be held from 8:00 a.m. to 5:00 p.m. at Bentley in the LaCava Campus Center in Waltham, Mass. The theme -- enterprise risk management from a global perspective in the realm of ethics, governance, and practice - is a topic that continues to dominate business, political, and media landscapes and impact our global society.

"The focus of this year's symposium couldn't be more timely," notes Tony Buono, Professor of Management and Director of the Bentley Alliance for Ethics and Social Responsibility. "For many people, the passage of Sarbanes-Oxley suggested a fundamental shift in the way in which businesses looked at risk. As painfully illustrated by the recent collapse of the subprime market, however, we apparently still have a long way to go."

Buono continues: "Businesses need to take a much more holistic and proactive approach to identifying, assessing and analyzing risk in today's rapidly changing global business world. For this year's program, we've attracted speakers with considerable experience and expertise on the complexities, challenges and dynamics associated with governance and enterprise risk management who should provide us with much needed insight."

The day-long series of panels and discussion will directly confront daunting challenges - such as recession, the Bear Stearns bail-out, and the credit crisis -- faced by top industry professionals and experts.

Academic panelists represent Bentley College, North Carolina State University, American University in Afghanistan, Illinois Institute of Technology and Florida International University. Business panelists hail from State Street Corporation, Grant Thornton, Blue Cross Blue Shield, KPMG, OpenPages, Deloitte & Touche, Brooks, Houghton & Co., Raytheon, IBM, Alcoa, Stybel Peabody, SAI, Pricewaterhouse Coopers, Bon Secours Health System, and Walden Asset Management, Standard & Poors, and the Willis Group.

Attending the conference as special panelists are two talented scholars from Afghanistan who fled the violence of their country, obtained US citizenship and university degrees, and returned to help rebuild their homeland.

- Mr. Hamid Farooqi is CEO of the Afghanistan International Chamber of Commerce and is a member of the economics faculty at Kabul University. He also serves as Bank Chairman of Bank-e Millie Afghan, a state-owned bank, and is an expert on the impact of foreign aid in the reconstruction of Afghanistan and strategic policy in the food and agricultural industries. He earned a master's degree in General Economics and Business Administration from the City University of New York.

- Mr. Obaid Nejati is the director of the Professional Development Institute and assistant professor at the American University of Afghanistan in Kabul. He is also the founding Director of the Afghan Civil Rights Foundation in Boston, MA and an expert in the study of human rights. He earned a bachelor's degree from Georgetown University and a master's degree in Administration Planning and Social Policy from Harvard University.

These Afghan scholars and leaders plan to bring the knowledge and experience in business ethics gained at the conference back to their home country to contribute to the ongoing development and reconstruction of the Afghanistan community.

The cost to attend the symposium is $150 USD, including a continental breakfast, lunch and closing reception. For more information on registration and the leading experts at each panel, please go to www.bentley.edu/symposium.

Sponsored by State Street Foundation since its inception in 2005, the symposium was established in Memory of Timothy B. Harbert '76, chairman and CEO of State Street Global Advisors and Bentley trustee and alumnus. The partnership reflects a long-time commitment to ethics for both Bentley and State Street.

State Street Corporation is the world's leading specialist in providing institutional investors with investment servicing, investment management and investment research and trading. With $10.1 trillion in assets under custody and $1.4 trillion in assets under management as of December 31, 2005, State Street operates in 26 countries and more than 100 markets worldwide. For more information, visit State Street's Web site at www.statestreet.com.

 

BENTLEY UNIVERSITY is one of the nation’s leading business schools, dedicated to preparing a new kind of business leader – one with the deep technical skills, broad global perspective, and high ethical standards required to make a difference in an ever-changing world. Our rich, diverse arts and sciences program, combined with an advanced business curriculum, prepares informed professionals who make an impact in their chosen fields. Located on a classic New England campus minutes from Boston, Bentley is a dynamic community of leaders, scholars and creative thinkers. The Graduate School emphasizes the impact of technology on business practice, in offerings that include MBA and Master of Science programs, PhD programs in accountancy and in business, and customized executive education programs. The university enrolls approximately 4,100 full-time undergraduate, 140 adult part-time undergraduate, 1,430 graduate, and 43 doctoral students. Bentley is accredited by the New England Association of Schools and Colleges; AACSB International – The Association to Advance Collegiate Schools of Business; and the European Quality Improvement System, which benchmarks quality in management and business education. For more information, please visit www.bentley.edu

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