CONSULTAZIONE INTERNAZIONALE NEW YORK 15-17 MARZO 2018
DUBLIN PROCESS
CENTESIMUS ANNUS PRO PONTIFICE (CAPP) FOUNDATION
Ethics in international business and finance
Fifth consultation meeting – New York City, March 15-17, 2018
Co-sponsored by Fordham University
An Ethical Compass for the Digital Age
The Dublin Process previous consultation meetings were held at the Vatican (2013), Dublin (2014), Malta (2016) and Madrid (2017). They gather a small group of professionals and business people, academics and specialists in Catholic Social Teachings (CST). The conclusions from these meetings are the base for wider distribution and debates organized by the CAPP Foundation in its efforts to promote knowledge of the social teachings of the Church.
In his address of May 20th, 2017 to the CAPP Foundation, Pope Francis said: “I express my appreciation for your efforts to seek other ways of understanding the economy and progress, and business, to meet the ethical challenges posed by the imposition of new paradigms and forms of power derived from technology, the throwaway culture and lifestyles that ignore the poor and despise the weak”. In a talk addressed to the Fortune-Time Global Forum on December 3, 2016, the Pope said: “Our great challenge is to respond to global levels of injustice by promoting a local and even personal sense of responsibility so that no one is excluded from participating in society. Thus, the question before us is how best to encourage one another and our respective communities to respond to the suffering and needs we see, both from afar and in our midst. The renewal, purification and strengthening of solid economic models depends on our own personal conversion and generosity to those in need.”
An ‘Ethical Compass’ is necessary to ensure that the economy works in the direction indicated by Pope Francis, that of the common good, a primary principle in Catholic social encyclicals. The aim of discerning solidarity aspects involved in business decisions is a basic theme of CST. In business circles, the same basic idea inspires many ongoing inquiries on inclusive entrepreneurial initiative and an inclusive economy. In the wake of current opportunities and concerns – from the ‘fourth technological revolution’ to growing inequalities, from the threat of jobless recoveries to the questioning of globalization – a fully innovative approach is required, not just to restore any ethical compass of the past, but to analyse our concepts of economic rationality and define specific ethical criteria which apply to present-day dilemmas. This is the first question submitted to the consultation.
The other complementary question is: who in fact is responsible? Who are the depositors of an Ethical Compass? Business leaders? Public opinion? Consumers? Is it basically a field for individual conviction, or one of general education and mindsets?
PROGRAM
Thursday March 15
Fordham University, Rose Hill Campus
Tognino Hall, Duane Library
441 East Fordham Road, Bronx, NY 10458
GPS address for car/bus entrance is 2691 Southern Blvd, Bronx, NY 10458
3:00 pm Bus leaving The Michelangelo Hotel (152 West 51st Street, New York, NY 10019) to Rose Hill Campus
4:30 – 6:00 pm Introductory public session
The ‘Dublin Process’ on Ethics in international business and finance presented by Domingo Sugranyes Bickel, Chairman of CAPP Foundation, and Henry Schwalbenberg, Director, International Political Economy and Development (IPED)
Catholic Social Thought at a Time of Global Turmoil
Speaker: The Most Rev. Bernardito Auza, Permanent Observer of the Holy See at the United Nations
Constructing Alternatives to Promote Human Dignity: Is Common Business Ethics up to the challenge?
Speaker: Lawrence Gonzi, Former Prime Minister of Malta, Member of the Board of Centesimus Annus pro Pontifice Foundation
Educating for a new Ethical Compass
Speaker: The Rev. Joseph M. McShane, President of Fordham University
6:30 pm Dinner hosted by Fr. McShane SJ, President of Fordham University
Bulter Commons, Duane Library, Fordham University, Rose Hill Campus
8:30 pm Bus taking participants back from Rose Hill Campus to The Michelangelo Hotel
Friday March 16
Fordham University, Lincoln Center Campus
E. Gerald Corrigan Conference Center
Lowenstein Building, 12th Floor, 113 West 60th Street (corner 60th St. and Columbus Ave), New York, NY 10023
8:00 am Holy Mass
Chapel of Blessed Rupert Mayer, S.J., Lowenstein Building, 2nd Floor, 113 West 60th Street (corner 60th St. and Columbus Ave.), New York, NY 10023
9:00 am Opening by Domingo Sugranyes Bickel, Chairman of CAPP Foundation
9:15 am Round Table debate on speeches by Msgr. Auza, Dr. Gonzi and Fr. McShane SJ
10:15 am 1st working session: Identifying conflicts between economic rationality and ethical demands
Summary of main report by Professor George Enderle, Notre Dame University, Indiana
Summary of discussion papers:
Ethical Challenges for Data Gathering Industries – Paul Twomey, former CEO of ICANN, Commissioner on the Global Commission for Internet Governance
Is Technical Innovation Serving Socially Inclusive Business? – Thomas Rusche, Chairman SØR Oelde-Berlin, Member of the Board of Centesimus Annus pro Pontifice Foundation
Regulation vs Personal Ethics – Richard G. Ketchum, former Chief Executive Officer and Chair of the Financial Industry Regulatory Authority, Inc. (FINRA), Director, MarketAxess Holdings Inc.
Individualistic vs Common Good Ethics in the World of Interconnexion – Father Paul A. Soukup SJ, Head of Communication Department, Santa Clara University
12:00 am Light lunch
1:00 pm Round Table debate on first report and discussions papers
2:15 pm 2nd working session: Reconstructing an Ethical Compass – Who is Responsible? With Whose Mandate?
Summary of main report by Professor Nien-hê Hsieh, Associate Professor of Business Administration, Harvard Business School
Summary of discussion papers:
Building a culture that can sustain ethical compass – Professor Mary Hirschfeld, Villanova University
Criteria used by Investments Analysts – Robert Tann, Investment analyst, London
Practical Ways to Establish an Ethical Compass in Business – Nikolaus von Bomhard, former CEO, Munich Re
A view from the Developing World– Professor Francis Estrada, Manila (Addendum to Reaction)
4:00 pm Round Table debate on second report and discussion papers
Saturday March 17
Fordham University, Lincoln Center Campus
E. Gerald Corrigan Conference Center
Lowenstein Building, 12th Floor, 113 West 60th Street (corner 60th St. and Columbus Ave), New York, NY 10023
8:00 am Holy Mass
Chapel of Blesssed Rupert Mayer, S.J., Lowenstein Building, 2nd Floor, 113 West 60th Street (corner 60th St. and Columbus Ave.), New York, NY 10023
9:00 am Presentation of draft conclusions by Domingo Sugranyes Bickel and Henry Schwalbenberg
9:30 am Round Table debate (all participants invited to speak) and conclusions
1:00 pm Light lunch and end of works
NYC CONSULTATION SHORT SUMMARY