2003 /Program

9th Transatlantic Forum

"The Ethics of Market Economy"


Conference Program

Moderator

Joyce M. Davis
Deputy Foreign Editor,
Knight Ridder Newspapers, Washington, DC


Thursday, July 10, 2003

Afternoon

Arrival of participants

7:00 p.m.

Cocktail reception, Wasserpalais, Schloss Pillnitz

Welcome speech:

Prof. Dr. h.c. Horst Teltschik

Chairman, Board of Directors
BMW Foundation Herbert Quandt
Munich

7:30 p.m.

Dinner, Wasserpalais, Schloss Pillnitz


Friday, July 11, 2003: First Day of Conference

8:00 a.m.

Breakfast at the "Round Table", Kuppelsaal, Schloss Pillnitz

8:30 a.m.

Moderator: Introduction and Goal of Conference

Session I

The Individual and Market Economy
In what way does the capitalist economic and social system influence human beings? What role does the maximization of use play for the individual? How do we measure our respective use? What is the influence of societal norms and social rules? Would there be an alternative to the market economy?

Speaker:

Prof. Christoph Loch, Ph.D.
Professor of Technology Management
INSEAD
Fontainebleau, France

To be followed by

Discussion

10:00 a.m.

Departure
Beginning of "Networking in Nature" (Surprise Program)

6:30 p.m.

Barbecue at Historic Castle


Saturday, July 12, 2003: Second Day of Conference

from 7:00 a.m.

Breakfast, "Fliederhof" Terrace

9:00 a.m.

Kuppelsaal, Schloss Pillnitz

Session II

Does Ethical Conduct (still) Guide Behavior in Business and Politics?
Why do people act unethically? Do people consciously act unethically? Does mutual trust still constitute the foundation of economic and political life? Or is blatant egoism the sole basic principle of capitalism? Are there any differences between Europe and the United States?

Speaker:

Harvey L. Pitt
Former Chairman
United States Securities and Exchange Commission
Washington, DC

Father Dermot Tredget O.S.B.
Father of the Order of St. Benedict
Douai Abbey
Reading, Berkshire
United Kingdom

Dr. Hans-Peter Bauer
Chairman, Wolfsberg Group;
Managing Director
Group Head, Regulatory Strategy and Relations
UBS AG
Basle, Switzerland

Discussion

12:00 p.m.

Lunch

Luncheon Speech:
Stefan Krause
Member of the Board of Management
BMW AG, Munich

Discussion

2:00 p.m.

Session III

What Will Be the Basis of Our Conduct in the Future?
Can rules and stricter laws enforce ethical conduct and restore trust? Are corporate principles the only possibility to reconcile economical and ethical goals? Do networks of trust as "islands of morality" represent an alternative?

Speaker:

Prof. Florencio López-de-Silanes, Ph.D.
Professor of Finance and Economics
Director, International Institute for Corporate
Governance,
Yale University, New Haven, CT

Richard W. Edelman
President & Chief Executive Officer,
Edelman, New York, NY

Discussion

4:00 p.m.

Summary by moderator

4:45 p.m.

Departure for festive dinner

6:00 p.m.

"The Ethics of Market Economy - Competition on Stage"

7:30 p.m.

Festive Dinner
"Kahnaletto"Restaurant, Dresden

Dinner Speech:

Prof. Dr. Georg Milbradt
Minister-President of the Free State of Saxony


Sunday, July 13, 2003

From 6:00 a.m.

Breakfast
Individual Departure of Participants


Conference Language: English

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