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Do my capstone office hours capstone logistics salisbury nc phone number spiegel tv reportage hogesauctionering deputy vice-chancellor it is a great honor and a privilege to present Jonathan Fisher QC for the conferral of the degree of doctorate of law by honoris causa when universities bestow on the read agrees they are acknowledging and individuals achievements and all they present their also of course making statements about themselves what they well you aspire to achieve and wish to encourage in others all of this is true for Jonathan Fisher if I was to put aside Jonathan's achievements and only cite the wonderful objectives that have been used to describe him we would be here for quite a long time but I'll give you a little taster jonathan is considered as one of the outstanding barristers in the United Kingdom and has been described as calm sure and deadly at spotting weaknesses of the opponent's case and experience an active silk with a diplomatic and thoughtful style and once in the heat of the battle he tells it as it is and pulls no punches it was clear to Jonathan's grandfather that he would become a lawyer he went at the age of five he would introduce Jonathan to his friends as a solicitor whether it was Providence or destiny here we are today in the presence of one of the most eminent financial crime advocates in the UK since being called to the bar Jonathan has worked on some of the highest profile cases concerning financial crime he has advanced the House of Commons Treasury select committee on libor lloyds tsb and forex trading cases and cases concerning Russian here manian Sudanese and Congolese economic sanctions his expertise in the financial crime arena has also resulted in Jonna ting advising regulatory and law enforcement agencies in the United Kingdom and Channel Islands he also provides professional training on anti-money laundering issues for the european union council of europe and the UK trade and investment he served as a commissioner on the Bill of Rights Commission between 2011 and 2012 in addition to his formidable achievements as a leading QC Jonathan has been at the forefront of academic work in his specialist practice areas Jonathan currently teaches postgraduate law students at the London School of Economics he is also a fellow of the chartered institute of Taxation editorial board member for Simon's taxes and general editor of Lloyd's law reports and financial crime and all this academic work complements Jonathan's practice and his suggestions for law reform continue to generate considerable interest in political and academic circles I've had the privilege of being one of the editors for a book in which Jonathan has written a chapter on criminal liability for reckless risk-taking by the financial sector a contribution that is innovative thought profi provoking and given the scandals we have witnessed recently it is very timely indeed Jonathan has extensive extensive links and shared interest with our department of law and members of our commercial law research unit he has worked with our colleagues on several projects and presented at conferences hosted by ue and contributed to our faculty of business and law distinguished professor oriole lecture series Jonathan's contribution to law has in fact inspired us all and it is a great privilege to be working with him deputy vice-chancellor on behalf of the University and in recognition of his contribution to financial regulation and corporate law I present Jonathan Fisher for the world of unread Doctor of Laws honoris causa Thank You deputy vice-chancellor now I now invite the undergraduate dr. Jonathan Fisher to address the conversation good afternoon first of all I should like to thank the University of the West of England very much for giving me this wonderful degree it's a great honor which I appreciate very much and reinforces my connection with the University I'm deeply proud of this connection and i look forward to developing it further and thank you dr. Turkson for the very kind words you spoke about me I'm very appreciative and very grateful as you've heard my world is the world of financial crime which is continuing to grapple with fallout from the 2008 crisis in the global markets your generation your generation has the misfortune to be the generation which is paying for the errors and excesses of the past we need to ask ourselves not only to what extent financial crime contributed to the crisis but also how we can best ensure that this doesn't happen again and in particular we must deploy a range of responses directed at the Paramount need to change corporate culture so that the notion of doing business ethically is not seen as an encumbrance or a restriction but rather as a badge of distinction sound corporate governance should be regarded as a meretricious kitemark for good practice which investors and consumers at knowledge when identifying the company with which they wish to deal in recent times poor corporate culture has become ingrained in some of our leading companies and institutions and the law needs to have weapons in its armory which compel our leading companies to take the importance of commercial integrity seriously if a company benefits from the unlawful conduct of its employees the company should I suggest be criminally responsible for its action unless it has taken all reasonable efforts to prevent its employees from breaking the law but at the present time there is no such criminal offense in English law I suggest there ought to be subsidiaries should have their licenses withdrawn or suspended or their range of activities restricted where management fails to take reasonable efforts to prevent its employees from breaking the law directors should have their authorizations withdrawn where they have failed to instill a proper ethical culture in their companies there is no place i suggest at the corporate table for directors and senior managers who take a Cavalier approach to the application of legal and regulatory standards they can play Russian roulette with their own money but not with ours so fellow graduates there is much work to be done it's vital work because the future of the free markets depends on it we cannot continue in the present vain the absence of responsible corporate culture in some of our top companies and institutions undermines the integrity of the capitalist system and could precipitate its collapse if it's allowed to continue unabated I'm afraid graduates that the global financial crisis has bequeathed to you a rather difficult job market my message to you is to go out there to go out there with confidence but you must be flexible and you must be realistic take the opportunities when they arise and don't be despondent if something goes wrong because there will be occasions when you will fail you must the important thing is to pick yourself up to dust yourself down and to press on you know none of us would have learnt to walk if we hadn't tried it again after we'd fallen over and it wasn't it Richard Nixon who reputedly said that you can tell the true quality of a person by the way in which he or she responds to failure and look certainly Richard Nixon was somebody who knew something about failure so I think the University again for this great honor and to the graduates I congratulate you on your great achievement to sit and watch your smiles is fantastic it's heartwarming and congratulations to you all a great achievement today I wish you the very best of luck with the fervent desire that you should all enjoy health happiness and every success and as you take your journey through life as our American cousins are very fond of saying and I say this in this holy place may you enjoy God's speed thank write for me dotted paper notebook Vassar College, Poughkeepsie.