keywords: Shareholders

  • AUSTRALIA

    Election is done, now to focus on what matters

    • Andrew Hamilton
    • 21 May 2019
    15 Comments

    It is time to return to the more important question of what matters for the future good of Australia. This is what governments and political parties are bound by tradition and by their own official rhetoric to serve. This, not electoral success or failure, should govern their actions and our response as citizens to their governance.

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  • ECONOMICS

    Work as gift rather than transaction

    • Andrew Hamilton
    • 10 April 2019
    15 Comments

    It is in the interests of companies and the people who compose them to see the relationships that constitute work more broadly than the image of transaction allows. In a good enterprise work is a form of self-transcendence through relationships with other workers, with the people whom they serve directly and with the broader society.

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  • AUSTRALIA

    In praise of unsmiling Hayne

    • Moira Rayner
    • 07 February 2019
    9 Comments

    An academic friend of mine made a dilligent and well-argued case that Hayne had failed in his task to 'tackle bank structure'. With the greatest of respect, this was not the job Hayne had to do. To imagine otherwise is to misunderstand both the law, and what it is 'meant' to do in the hands of those who are judicially trained.

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  • ECONOMICS

    What are banks for?

    • Colin Long
    • 18 January 2019
    6 Comments

    The opening of the finance sector to scrutiny provides an opportunity to examine its position in the structure of the Australian political-economy, and, most importantly, to make the changes necessary to place it at the service of the people, rather than allowing it to continue to prey on us.

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  • ECONOMICS

    On banks and bonuses

    • Andrew Hamilton
    • 16 January 2019
    6 Comments

    One of the issues raised at the royal commission into banks was the size of salaries and bonuses paid to senior staff. Subsequent discussion has tripped lightly around the issue. The larger question is whether it is in the best interests of financial institutions to offer to its senior officers huge salaries and bonuses.

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  • ECONOMICS

    What it will take to redeem the banks

    • Andrew Hamilton
    • 05 December 2018
    8 Comments

    Now that the royal commission hearings have finished, people are asking whether things will change. There are grounds for both cautious hope and pessimism. Hope is based on the expectation that the exposure of greed, complacency and lassitude in institutions, boards and regulators will lead them to hunger for a better reputation.

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  • ECONOMICS

    The shareholders shall inherit the earth

    • David James
    • 08 November 2018
    1 Comment

    So here is a question. Which are you? A customer, a shareholder, a worker, a citizen, or, well, a whole human being? If you answered 'customer' then congratulations, you are in line with contemporary economic orthodoxy, and boy, have we got a society for you. If you answered 'a human being' then that really is a problem, I'm afraid.

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  • ENVIRONMENT

    Ideology and idiocy in national energy policy

    • Cristy Clark
    • 27 September 2018
    8 Comments

    In light of the evidence, a national energy policy prioritising renewables should be uncontroversial. But is seems ideology is impermeable to evidence. Instead, we have the government continuing to try to pressure AGL into keeping the Liddell coal-fired power plant open despite clear-cut economic and environmental reasons for its closure.

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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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  • MEDIA

    Attacks against the ABC are undemocratic

    • Fatima Measham
    • 20 June 2018
    20 Comments

    There is political hay to be made in convincing the right that the ABC has a leftward bias. The strategy counts on short memories. When Labor was in power, it would routinely complain that, in being too stringent with government, the ABC was aiding the Coalition. This only suggests that the ABC does its job, no matter who is in charge.

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  • RELIGION

    Accountability a virtue in churches and banks

    • John Warhurst
    • 22 May 2018
    33 Comments

    General apologies don't go far enough. Compensation is necessary, but also not enough. The reputation of the church would now be higher if there were more obvious signals of accountability by those in charge. The offer of resignation made as a group to Pope Francis by the entire Chilean hierarchy is a breath of fresh air.

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  • RELIGION

    Seeking a true new start for all job seekers and workers

    • Frank Brennan
    • 08 November 2017

    'We need to recommit to work for all those who are able and willing. We need to recommit to social assistance for all those who are not able. We need to ensure that a life of frugal dignity is within the grasp of all citizens.' 2017 Rerum Novarum Oration by Fr Frank Brennan SJ

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