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Fr. Séamus Finn, OMI Gives Lecture on the “Ethics of Finance” at Stanford University October 30th, 2024
By. Fr. Séamus Finn, OMI, Director, JPIC & Chief Faith Consistent Investing – OIP Trust
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[On October 28th, OMI USA JPIC Director, Fr. Séamus Finn, OMI lectured students on ethics and finance during a course at Stanford University, Palo Alto, CA]
The course- MS&E 148: Ethics of Finance – Explores the ethical reasoning needed to make banking, insurance and financial services safer, fairer and more positively impactful and fit for purpose in the 21st Century. This also follows the movement from shareholder to stakeholder capitalism.
The presentation explored the religious and philosophical roots of ethical practice in finance and banking and discussed particular challenges that individual countries and other major institutions operating in a global financial system face.
In addition, the presentation focused on responsibilities of shareholders in a capitalist system and how that has evolved in recent years to discussions about stakeholder capitalism and the absence of environment, workers and local communities as major stakeholders in the system.
The presentation concluded with a robust discussion on how corporate retail shareholders can be more active in exercising their ownership and integrating their beliefs and values into the decision-making process. This, of course, includes engaging corporate leaders either through proxy votes or attending their annual general meetings.
The 50-year Legacy of the Interfaith Center on Corporate Responsibility (ICCR) in this arena was an important part of my presentation.
