The Chartered Insurance Institute Strategic Plan

1
The financial service professions and their
ethical objectives How does the FSA ethical
framework affect the ethics of the professions?
2
Agenda

• The position the financial services industry is
  in we are where we are
• The position the professions are in growth or
  decay?
• Great leadership is based on values financial
  services needs it badly
• What we (CII) are doing
• What we all might do

3
Values and Leadership

• Waterman R, Adhocracy the power to change
  Norton, 1992
• Collins J, Porras J, Built to last successful
  habits of visionary companies Happer Business
  1994
• OReilly C, Pfeffer J, Hidden power Harvard
  Business Review 2000
• Clever Z. H, A call to renew BMJ 1999
• bp, com. Business ethics

4
CII Vision Statement

• Protecting the public, guiding the profession

5
Changing perceptions
6
What we (CII) are doing

• Code of Conduct
• Disciplinary Appeals Procedures
• Business Ethics Programme
• Guiding Principles for Individual Professional
  Conduct in Insurance

7
What we (CII) are doing next steps

• Professional Standards Board
• Transparency and Accountability
• Consumer / Lay representation
• Diversity
• Considering behaviour, giving advice
• Bench marking including ethical values

8
What we might all do together?