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Good leadership: put your money where your mouth is
 Good ethical practice needs support from good structures like codes of ethics and of conduct, education for staff, and clear policies. One of the most important of these, however, is good leadership from the top that shows how it is done. Partly this is about being courageous but mostly it is concerned with providing good models which show how values and principles (published and well-known) are put into practice in day-to-day decisions. Professional peak bodies need to provide a bit more modelling for their members on the key issues of the day. < Click for more> |
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Ethics in a time of crisis
Broad responsible investments have grown 8 per cent during the year, from $52.8 billion in 2007. These are investments where the managers “integrate environmental, social and governance (ESG) issues into their day-to-day financial analysis, stock selection, company engagement and voting processes”, according to a recent report published by the Responsible Investment Association Australasia (RIAA). < Click for more> |
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Let the owners decide what to pay
 Top executive salary packages continue to draw attention. Communications minister, Senator Conroy, has taken advantage of the Telstra AGM to raise again the issue of executive remuneration packages. Currently shareholders cannot vote packages down but, since CLERP 9 was introduced in 2004, they are told what the packages are and are asked (in a consultative sort of way) what they think. < Click for more> |
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Sustainability Reporting: Forcing the Issue
 In light of the recent focus on environmental and social impacts of businesses (Enron, Shell, etc.), many investors, communities and other stakeholders are increasingly pressuring business leaders to report on how their companies are dealing with the issues of sustainability and corporate responsibility. The corporate response to these demands has produced a myriad of guidelines, standards, and sustainability reports that, while satisfying the demands of some investors, have done little to give the average person an idea of where businesses are in terms of reaching the goal of sustainability, much less where they are going. Chris Dawood < Click for more> |
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