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Richard Turnbull: What is the purpose of a company?

  In 1987 ICI, one of the leading chemical conglomerates at the time, described its purpose as follows: ICI aims to be the world’s leading chemical company serving customers internationally through the innovative and responsible application of chemistry and related science. Through the achievement of our aim we will enhance the wealth and well-being of...

Richard Turnbull: The Moral Case for Asset Management

This was a speech given at a reception for the New City Initiative hosted by the Lord Mayor of London, the Rt Honourable Lord Mountevans – July 7th 2016, Mansion House. To request a full copy of the Report please contact office@theceme.org May I, first of all, add my own thanks to the Lord Mayor, to...

Philip Booth: Morality, taxation and coercion

It is often argued that taxation to promote the position of the poor is somehow a moral act on behalf of those that are better off and paying taxes to finance the transfers to those who are worse off. It is not. It is not an intrinsically moral act for the same reason that, if...

Andrei Rogobete: Sports Direct gives business a bad name

  Sports Direct’s founder and Chief Executive, Mike Ashley has admitted to paying staff below the minimum wage. The consultancy firm Mckinsey & Co. has been found to have a ‘secretive’ £5bn proprietary investment fund for its partners and BHS, the high street retailer has filed for bankruptcy in a downward spiral of events that...

Google should not be demonised

Poor old Google. Well, not so poor actually. According to their SEC 10-K filing group profits amounted, in 2014, to $17.26bn. Google’s UK sales (mainly internet advertising), based upon the billing address of customers, were around $6.5bn in 2014. Lots of sales, but, apparently no profits. Google themselves told the Public Accounts Committee in 2012...

Richard Turnbull: We must be stewards of the environment

(This is an adaptation of a speech given at the Institute of Economic Affairs – For more information about the event please click here) Christianity, politics the poor and the planet – what should the Christian attitude and response to these issues be?  I want to reflect on two things; the Christian responsibility for the environment...