The recent stock market collapse has pushed the issue of questionable financial reporting to the forefront of America's consciousness. The lack of
Bryn Mawr, PA (Vocus) June 2, 2010
In recognition of his unflagging support and dedication to academic research into the production of honest and transparent financial statements, The American College, the nation’s premier financial services educator, will honor Cary M. Maguire, Chairman and President of the Maguire Oil Company and Maguire Resources Company at the first ethics lecture to bear his name. Maguire will receive the President’s Award in honor of his many years of exemplary service, leadership, and contributions to the field of ethics education during the Cary M. Maguire Ethics Lecture at the Park City Club in Dallas, Texas on June 2, 2010.
“The recent stock market collapse has pushed the issue of questionable financial reporting to the forefront of America’s consciousness. The lack of “meaningful disclosure” within company financial statements affects everyone – from Wall Street to Main Street,” said Laurence Barton, Ph.D., President and Chief Executive Officer of The American College. “Thanks to the support of Cary Maguire, The American College now has the resources it needs to conduct research into the means of producing honest and transparent valuations of companies’ worth in financial statements. Once completed, this research will enable The American College Center for Ethics in Financial Services to assist in the development of public policy that will benefit millions of consumers.”
In April 2008, The American College Center for Ethics in Financial Services announced the creation of the Cary M. Maguire Fellowship in Applied Ethics. The fellowship is currently held by Anthony H. Catanach Jr., Ph.D., CPA, an Associate Professor at the Villanova School of Business. Dr. Catanach will be the featured presenter at the Cary M. Maguire Ethics Lecture. His topic will be “The Financial Crisis of 2008: ‘Marking-to-Make-Believe’”
Cary M. Maguire is the Chairman and President of the Maguire Oil Company and Maguire Resources Company. He is also Chairman of the Components Corporation of America and Staco Systems. Maguire has served on the National Petroleum Council and the Executive Committee of the Mid-Continental Oil and Gas Association. He is also a member of the Madison Council of the Library of Congress, where he funded the Maguire Chair in Ethics and American History.
Dr. Catanach has been with Villanova University since 1998. He previously served on the faculty at the University of Virginia and also has taught as a visiting faculty member at INSEAD in Fontainebleau, France. Prior to entering academics, Catanach spent five years as an audit manager for KPMG and six years in the financial services industry as a funds management officer, chief financial officer, and chief operating officer for several large bank holding companies, where he specialized in merger and acquisition transactions.
Individuals interested in attending the Cary M. Maguire Ethics Lecture at the Park City Club in Dallas, Texas on June 2, 2010 featuring the presentation by Dr. Catanach are asked to register in advance online by clicking here For more information, please contact Katie McDermott at The American College at 610-526-1406. The event will run from 12:00 p.m. – 2:00 p.m.
The mission of The American College Center for Ethics in Financial Services is to assist in raising the level of ethical behavior in the financial services industry. The Center also aims to serve as a catalyst for professional and responsible behavior by providing information to multiple stakeholders, moderating dialogue among various constituencies, and influencing behavior through a diverse array of programs. The initiatives sponsored by the Center are designed to launch business leaders, producers, and educators into conversations that will influence ethical business practices, and in turn, enhance business practices, ethical awareness and legislation.
The American College is the nation’s largest non-profit educational institution devoted to financial services. Holding the highest level of academic accreditation, The College has served as a valued business partner to banks, brokerage firms, insurance companies and others for over 83 years. The American College’s faculty represents some of the financial services industry’s foremost thought leaders. For more information, click here .
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