Archbishop Vincent NicholsBy Peter Dominiczak, London Evening Standard

Company chiefs will today turn to the Church in a bid to repair business’s reputation following the financial crisis.

Bosses from firms including Tesco and Vodafone were joining the Archbishop of Westminster, the Most Rev Vincent Nichols, to discuss ways to put moral principles at the heart of business behaviour.

The move to focus on the good that big business can do in society has also won the support of the Archbishop of Canterbury, Dr Rowan Williams, and the Chief Rabbi Lord Sacks.

It comes after a series of scandals involving banks, including the attempted manipulation of the Libor borrowing rate. About 200 other executives, from companies including Unilever, BAE Systems and Centrica, were joining today’s conference.

In an article for the Daily Telegraph’s website today Archbishop Nichols, the head of the Roman Catholic Church in England and Wales, said churches could help companies because they have “no political agenda”. He said: “We have detected a tendency for business people to feel they need to adopt a different set of values in business from those which they apply in the rest of their lives.”

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