December
  2004
ABOUT US

The Edmund Rice Business Ethics Initiative, launched in 1991, exists to promote a conversation between business and the community on values and ethics: promoting life humanly in our businesses, our communities, our planet. It aims to create a space where these issues can be discussed and researched in mutually supportive ways. It seems to promote better communication for the sake of better outcomes for us all.

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How much should people in top jobs be paid?
According to the Hay Group’s remuneration database, CEO fixed salary component increased for CEOs and senior executives in the same position the previous year averaged an annual 8.2% and 7.3% respectively for the five years from 1998 to 2002.

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Workplace Reforms
The Coalition will take advantage of its majority in both houses of the new parliament to push through changes to various Workplace Relations Bills. See the AIGROUP for a good summary of the proposals.

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James Hardie Update
With a dramatic notification of a $88m no strings attached deposit, the Medical Research and Compensation Foundation applied for a postponement of its bankruptcy hearing. Read on for a recent chronology.

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Corporate Governance

There is also little doubt that being a director of a company of any size or sector could be seen as a risky and onerous occupation. Recent media attention has focused on the unethical conduct of some directors and managers, however, the vast majority are both ethical and hard working with many offering their services for free especially in community and not-for-profit organisations.
Mark Bezzina

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  Mike O'Neill
» Merry Christmas to our subscribers
» Seeking the Right Way -- Revitalising Human Rights
» Honesty Matters
··How much should people in top jobs be paid?
··Workplace Reforms
··James Hardie Update
··Corporate Governance
This newsletter is a publication of the Edmund Rice Centre and the Trustees of the Christian Brothers. While all reasonable attempts have been taken to ensure that the information in this newsletter is correct and that opinions and points of view are in accordance with the purpose of the Business Ethics Initiative, the Edmund Rice Centre and the Trustees of the Christian Brothers do not guarantee its accuracy nor should anything contained in the newsletter be treated as professional advice. The Edmund Rice Centre and the Trustees of the Christian Brothers do not necessarily endorse or recommend any opinions, individuals or organisations which are linked to, or mentioned in, this newsletter.