The Bingham Centre's new Business Network, chaired by Graham Vinter, formerly of BG Group was launched on 18 January 2017.
FTSE100 leaders, BP, BT, Diageo, HSBC, Shell, Unilever, and Vodafone have pledged their support for The Bingham Centre for the Rule of Law's Business Network.
The event was opened by Lord Thomas of Cwmgiedd, The Lord Chief Justice who welcomed this new initiative and encouraged other leading global companies to get involved.
Lord Thomas noted:
We are world leaders in business law; we are becoming world leaders in adapting our court system to operateefficiently through the use of technology. I very much hope that the benefit to all our businesses, especially those whose operations in countries where the legal systems are not as developed, really will see the benefit of change.The opportunities are amazing. Many countries look to us as leaders. It is that long-term benefit to all our international companies that we should see as a prize we cannot let go. We therefore need a body like the Bingham Centre to give coherence to the great potential I have outlined.
You can read the full transcript of the Lord Chief Justice's speech here.
He was joined on the panel by Siobhan Moriarty, Diageo Chief Counsel who stated;
For Diageo effective rule of law provides the clarity and structure enabling us to carry on business in an environment that mitigates the risks and challenges I referred to earlier and also works for the greater good.
You can read the full transcript of Ms Moriarty's speech here.
Guy Beringer, Co-Chair of the Bingham Development Board, brought proceedings to a close. Explaining that:
The Bingham Business Network is essentially about corporate risk and its management. We believe that the rule of law lies at the heart of a number of uncharted and intractable areas of risk for the modern international business.