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There has been an avalanche of divestment, including from the Rockefellers and the ANU, as they discern a lack of concern for environmental, social and governance issues. Shareholders attending Wednesday’s Commonwealth Bank AGM will hear a resolution requesting more transparency about the bank’s fossil fuel investments. But the bank’s response can seem like a game whose rules only become clear to its participants as they play it. Banks and other powerful organisations can still exploit any lack of clarity.
There has been a rush to purchase shares in Medibank Private since the Federal Government's sale offer opened last Tuesday. Past sales of government owned corporations such as Telstra have produced windfall profits for cashed up Australians able to invest. But what about the rights of the policy holders who were told they were members with ownership of equity in the company?
Arts minister George Brandis has accused artists of 'bullying' corporate heavyweight Transfield. The artists' recent ultimatum to the board of the Sydney Biennale threatens to kill the event and possibly the entire model of arts sponsorship in Australia. Both sides of the dispute have lost sight of the opportunity that networking between artists and sponsors offers for civilised conversation that leads to a better world for all.
Australia is very much the 'Noah's Ark' economy: two of everything. Consider the spate of industry sectors in which only two companies dominate: airlines (Virgin and Qantas); paper and packaging (Visy and Amcor); print media (News Corporation and Fairfax). The Federal Government's announcement that it will be launching a 'root and branch' review of Australia's competition law will, at the very least, make for a fascinating spectacle.
'The Church should not give any appearance of hiding behind the corporate veil. Justice demands that present church leaders agree to satisfy any judgment debt against their predecessors or their deceased predecessors' estates when there is an allegation of past failure to supervise or adequately investigate a sexual predator in the ranks. Any damages should be paid from church assets.' Frank Brennan addresses the Australian Lawyers Alliance Conference, Rydges Lakeside, Canberra, 26 October 2013.
Pete lives with his grandfather at an abandoned drive-in cinema outside a remote community. When a mining company threatens to reclaim the land and demolish their home, he sets out across the harsh outback to confront this corporate Goliath. If he is to survive he must draw upon the traditional wisdom his grandfather has passed on to him.
Rome is seen to be out of touch with the membership. Local bishops often behave as branch managers of a poorly administered, centralised multinational corporation. Royal Commission notwithstanding, there won't be healing of the community of faith until there is systemic change.
I gag in social situations. Visual cues that mediate conversation are not available to me, so halfway through a sentence, confidence evaporates. I'm convinced they're not interested, or I think I hear them stifling a yawn. Why did I ever start to talk?
Market realities demand corporate managers do not trash the 'brand'. The Sydney Morning Herald, The Age and the Financial Review are respected brands because they contain quality reporters and commentators.
European and US corporations are on the retreat in Africa, while the progress of Chinese and Indian companies is bearing positive results. They stand to fulfill the promise of 'development' that has remained a dream since independence.
Despite overweening corporate visions, the exploding lights and multicultural crowds of New York's Times Square show that people will continue to claim their right to be part of the city spectacle.
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