Thursday, 27 October 2011 at 12:45PM
Barnard's Inn Hall

What Makes a Good Regulator?

Presented by Alderman Professor Michael Mainelli

The event will explore the question "What makes a good regulator?" from a number of angles including financial regulators, utility regulators, environmental regulators, not-for-profit regulators, and others who see their role as ensuring the proper

Conference speakers
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Alderman Professor Michael Mainelli is Emeritus Mercers' School Memorial Professor of Commerce at Gresham College, having held the chair from 2005 to 2009. His first degree was in Government from Harvard, followed by mathematics and engineering studies at Trinity College Dublin and a PhD from the London School of Economics in chaotic systems, where he was also a Visiting Professor.

Professor Mainelli is Executive Chairman of Z/Yen, the City of London’s leading commercial think-tank and venture firm, which he co-founded in 1994 to promote societal advance through better finance and technology. A qualified accountant (FCCA), securities professional (FCSI), computer specialist (FBCS) and management consultant (FIC), Michael began his career as a research scientist in aerospace (rockets) and computing (architecture & mapping). He later became a senior partner with accountants BDO Binder Hamlyn directing global consulting projects. During the 1990s he worked for the UK Ministry of Defence as Corporate Development Director for Europe’s then largest R&D firm, the Defence Evaluation & Research Agency leading to two privatisations. Career highlights include directing Z/Yen’s Long Finance initiative with Gresham College and the City of London Corporation asking “when would we know our financial system is working?” as well as creating the Global Financial Centres Index, Global Intellectual Property Index, London Accord and Farsight Award. Michael also conceived and produced the first complete digital map of the world in 1983, Mundocart (a 1980’s Google Earth), and the $20 million Geodat consortium cartography project.

Michael is non-executive Director of the United Kingdom Accreditation Service (UK’s national body for standards and laboratories), AIM-listed Sirius Minerals plc (potash mining), AIM-listed Wishbone Gold Plc; Alderman for Broad Street Ward (elected) at the City of London Corporation; Almoner for Christ’s Hospital School; Trustee of International Fund for Animal Welfare. Michael has held numerous advisory posts, for example with Hitachi UK, City University and HM Treasury. Michael won a 1996 UK Foresight Challenge award for the Financial Laboratory, 2003 UK Smart Award for prediction software, 2005 British Computer Society Director of the Year, 2011 Technology Strategy Board Challenge Award for financial avatars, and was awarded Gentiluomo of the Associazione Cavalieri di San Silvestro in 2011. Michael is a Liveryman, Worshipful Company of World Traders, Freeman, Watermen & Lightermen, and represents the Financial Services Group of Livery Companies.

Michael has published over 40 journal articles, 150 commercial articles and four books. Michael’s humorous risk/reward management novel, Clean Business Cuisine: Now and Z/Yen, written with Ian Harris, was a Sunday Times Book of the Week in 2000; Accountancy Age described it as “surprisingly funny considering it is written by a couple of accountants”. Their third co-authored book, The Price of Fish: A New Approach to Wicked Economics and Better Decisions, based on his Gresham lectures, won the 2012 Independent Publisher Book Awards Finance, Investment & Economics Gold Prize. Michael plays bagpipes, loves skiing and sailing and, with his wife, Elisabeth, he races and restores the 1923 Thames Sailing Barge Lady Daphne and sits on the world’s oldest sailing racing body, the Thames Match Committee. With an international family, Michael speaks English, German, French and Italian poorly, but even worse Spanish and Chinese.

To access all of Professor Mainelli's previous Gresham College lectures, please click here.

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Bill Emery was chief executive of the Office of Rail Regulation from 2005 to 2011.  Dr Emery was previously director of costs and performance and chief engineer at Ofwat, joining in 1990.  Before then he worked for Yorkshire Water.  He is a chartered civil engineer, has an engineering degree, a doctorate in public health engineering and an MBA.

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Philip joined Ofgem in September 2011 as Partner, Consumer and Demand-side Insight.  He is a member of the government’s Regulatory Policy Committee, which advises the Reducing Regulation cabinet committee; and has advised government on regulation in a range of sectors from financial services to airports.

Philip was previously Deputy Chief Executive of the statutory watchdog Consumer Focus, leading amongst other things its UK policy work, and has had senior roles in two other consumer organisations, the National Consumer Council and Which?. He has also been an Associate Partner at Accenture, responsible for creating new thinking on business trends and corporate strategy, and Executive Director at Opinion Leader Research. He is the 2011 winner of the Guardian/Ashridge Business School essay competition on public service innovation.

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As Director of the Board for Actuarial Standards (BAS) Louise Pryor led the development of the first set of technical standards for actuarial work to be developed by a fully independent standard setting body anywhere in the world. The BAS is an operating body of the Financial Reporting Council, which is also responsible for the oversight of the accounting, auditing and actuarial professions and for setting accounting and auditing standards.

Dr Pryor has extensive experience in financial modelling and risk management, as well as in software development and its management. She has worked as a consulting actuary, software development manager, university lecturer and software risk consultant. She has an MA in Mathematics from the University of Cambridge, a PhD in Computer Science from Northwestern University and is a Fellow of the Institute of Actuaries. She is a Fellow of the Royal Society of Arts and an Associate Fellow of Newnham College, Cambridge. Dr Pryor is the author of many academic papers, and has taught courses on risk management, programming, software engineering and expert systems in academia and for business.

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Eve Salomon has a wealth of regulatory experience in both statutory and non-statutory bodies. A solicitor by background, she is currently the global Chairman of the Regulatory Board of RICS (the self-regulatory body for surveyors), a Commissioner of the Gambling Commission of Great Britain, and Chair of the Internet Watch Foundation (an industry-formed body which combats online child sexual abuse content.)  She is a former Press Complaints Commissioner. For four years until it disbanded, she was a member of the Better Regulation Task Force, an independent body that advised the government on how to improve regulation across all sectors. She continues to undertake advisory work for UK government departments and agencies in the field of better regulation.

Eve’s particular legal expertise is in broadcasting regulation.  She is a legal expert for the Human Rights Division of the Council of Europe and the author of the UNESCO/Commonwealth Broadcasting Association Guidelines for Broadcasting Regulation. She has advised numerous NGOs, government agencies and broadcasting regulators around the world.  Previous jobs included Deputy Secretary of the UK’s Independent Television Commission, Director of Legal Services at the Radio Authority and Interim Secretary of Ofcom.

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Dr Douglas Board specialises in career change and leadership coaching, and is the founder of Maslow’s Attic Ltd (maslowsattic.com). He is a senior visiting fellow at Cass Business School. After receiving degrees from Cambridge and Harvard, Douglas worked as a fast-stream civil servant in the UK Treasury and then for 18 years as a headhunter, becoming deputy chairman of a 50 person London firm. Since then he gained a doctorate in management and writes from time to time for the FT on leadership, careers and selection. His book ‘Choosing Leaders and Choosing to Lead: Science, Politics and Intuition in Executive Selection’ was published in 2012 by Gower, and is co-writing with Rob Warwick a book on leadership and knowledge to be published in 2013. From 2007 to 2012 he was chair of the Refugee Council, Britain’s largest refugee and asylum charity.

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Sarah Veale is Head of the Equality and Employment Rights Department at the TUC. The Department leads on employment rights, both individual and collective, employment relations and equality at work.  Before becoming Head of Equality and Employment Rights, Sarah was Senior Employment Rights Officer at the TUC, in which role she was responsible for the development of TUC policy on employment law.  She co-ordinated TUC activities in relation to the introduction of the Employment Relations Act 1999 and wrote the TUC Guide to the Act.  She was also responsible for various TUC submissions to the Government, and was a member of the TUC team which negotiated the recent national agreement with the CBI and the Government on temporary agency work. She regularly briefs senior union officers on developments in employment and discrimination law and policy and speaks at conferences and events.  She is co-author of “Your Rights at Work”, the TUC’s book on employment rights.

Sarah is a member of the ACAS Council, the Government’s Regulatory Policy Committee and the Government’s Employee Engagement Task Force.  She was awarded the CBE for services to diversity in the Queen’s Birthday Honours List in June 2006. She was awarded an Honorary Doctorate in Laws by Oxford Brookes University in June 2011.  Sarah’s interests include her family, music, reading and politics.

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Dame Suzi Leather read Politics at Exeter University and took a Master's degree in European Politics at the University of Leicester. She has been the Chair of the Exeter and District NHS trust, Deputy Chair of the Food standards Agency and Chair of the Human Fertilisation and Embryology Authority. Since 2006, she has been Chair of the Charity Commission and a member of the board of the United Kingdom Accreditation Service.

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Conference lectures
WATCHED
Part of a conference

Opening Address- Dame Suzi Leather, "What Makes a Good Regulator?"

Dame Suzi Leather
Thursday, 27 October 2011 - 1:45PM
WATCHED
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Second Address - Sarah Veale CBE, "Perspectives on Regulation"

Sarah Veale CBE
Thursday, 27 October 2011 - 2:15PM
WATCHED
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Panel - "Domain Versus Process Expertise: Regulatory Perspectives"

Douglas Board
Thursday, 27 October 2011 - 2:45PM
WATCHED
Part of a conference

Panel - "Trust Me, I'm a Regulator! Regulation, Governance & Trust"

Philip Cullum
Thursday, 27 October 2011 - 3:15PM