keywords: Corporate Governance

  • AUSTRALIA

    Synod affirms Francis' vision of church governance

    • Andrew Hamilton
    • 22 October 2014
    15 Comments

    The Synod was reported in some media as a defeat for Pope Francis at the hands of conservative bishops. Yet for one who had suffered a defeat, the Pope seemed remarkably buoyant at the end of the event. It's likely that he saw it as a victory for his vision of church governance, as it allowed participants to engage in open discussion in which nothing was put off bounds.

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  • AUSTRALIA

    Rise of the corporate cowboys

    • Tony Smith
    • 29 September 2014
    7 Comments

    Unfortunately, when people pin their hopes for a just and fair society to a corporation, they can be sadly disappointed. A spate of deaths around the country suggests that many corporations have plenty of power to influence governments to produce policies and legislation convenient for their operations, but fail to take responsibility for their bad outcomes, which include deaths in workplaces.

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  • ECONOMICS

    How climate change is remaking finance

    • David James
    • 04 February 2020
    3 Comments

    A shift is afoot in the west's financial markets that represents the most important economic change since the emergence of the new financial instruments in the 1990s that ultimately led to the global financial crisis. It is likely to result in a new way of thinking about money, which will change the substructure of developed economies.

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  • RELIGION

    More than rules, Church needs a change of heart

    • Tracey Edstein
    • 30 May 2019
    19 Comments

    There are guidelines, rules and laws galore. None of these stopped clergy and church personnel abusing children, or necessarily led those in authority to act. The community could therefore be forgiven a certain scepticism. Legislative changes, stronger governance and mission statements mean little without a change of heart.

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  • FAITH DOING JUSTICE

    Care for common home in mining disasters

    • Julie Edwards
    • 03 March 2019
    5 Comments

    In January, the tailings dam of a deactivated iron ore mine in Brumadinho, Brazil failed, releasing toxic mud that caused devastation, 117 deaths and intergenerational ecological and economic consequences. It should, and could, have been prevente by the company, Vale, who was also responsible for past tailings dam destruction.

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  • ENVIRONMENT

    The Darling's dead fish of late capitalism

    • Cristy Clark
    • 17 January 2019
    13 Comments

    A key benefit asserted to justify treating water as an economic good is that the market will encourage 'high-value' water use to be prioritised. But, as the fish of the Darling River and the people of Walgett are experiencing, the problem with commodifying water is its social and environment values are not naturally reflected in the market.

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  • RELIGION

    What it will take to prove the Church gets it

    • John Warhurst
    • 02 September 2018
    47 Comments

    The question of the seal is seen as proof that the church leadership is still resisting the royal commission recommendations. That impression can only be allayed if the church's record in a decade's time can be shown to be impeccable in responding to the other 98 per cent. Already 98 per cent has been shown to be a rubbery figure.

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  • AUSTRALIA

    Banking on the common good

    • Andrew Hamilton
    • 15 August 2018
    7 Comments

    If trustees don't understand the meaning of trustworthiness, all the penalties in the world won't encourage them to act in a trustworthy manner. What is needed is conversion — the recognition that the good of each individual depends on their seeking the common good, and the determination to ensure that this vision permeates corporations.

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  • RELIGION

    Aid work grounded in good relationships

    • Andrew Hamilton
    • 07 March 2018
    9 Comments

    The reports of sexual exploitation by officers of aid organisations illustrate the truth of Aristotle's dictum that the corruption of the best is the worst form of corruption. The factors that contribute to such behaviour are complex. They illustrate the constant need for self-reflection personally and in organisations, especially when doing good works.

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  • INTERNATIONAL

    Different country, different culture (or how different legal systems view deal-making)

    • Frank Brennan
    • 12 October 2017

    In the 16th century it was the Dominican friars like Vitoria, Las Casas and Montesino in Salamanca who confronted the state and challenged public opinion about the rights of the indigenous peoples in Spain's newly colonised lands. Not even the most nostalgic and forgiving Jesuit would opine that the modern practitioners of Morality with a capital M challenging the powers of the market and the state would be found in a modern monastery.

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  • ENVIRONMENT

    When cricket, work and Catholic teaching collide

    • Andrew Hamilton
    • 07 June 2017
    5 Comments

    To consider cricket as work would strike many people as odd. They would see it as a hobby, a recreation, a game or a calling. Professional sportspersons receive little attention in Catholic social thought, which is a pity because a Catholic understanding of work provides a helpful perspective. Its crucial insight is that work is a human activity, and that each human being is precious, unique and needs to be respected. Neither people nor work can be seen as means to an economic end, or as expendable.

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  • AUSTRALIA

    Businesses need to get serious about gender diversity

    • Neve Mahoney
    • 03 May 2017
    4 Comments

    Whether to have targets or quotas is a hard question to answer. Quotas have been employed by several European countries to great effect. But in Australia companies are encouraged to set themselves targets, which are optional. Businesses are moving towards targets at a glacial pace, with women in senior executive roles increasing by 2 per cent per annum since 2012. As long as it is up to businesses to create a diverse workplace, they need to put in the effort.

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