If you’re in a superannuation fund, then, like it or not, you’ve got ethical decisions to make. More than 10 million Australians have a superannuation account. Which means, effectively, more than 10 million of us are mini-shareholders with the capacity to influence future business decisions. With that power, however small, comes responsibility.
via The Conversation, 4 November 2020See More
Investment giant BlackRock sent tremors through corporate board rooms last week when it backed a resolution that would have required Australia’s biggest electricity provider, AGL, to close its coal-fired power plants earlier than planned. In the absence of coherent government policy or a price on carbon, the best hope for effective action may come from enlightened business decisions, and Australia’s collective retirement savings — now nudging $3 trillion — give fund managers huge leverage.
via Inside Story, 13 October 2020See More
In this piece for Inside Story Cranlana’s Lead Moderator Peter Mares explore the ethics of the federal budget, and says the government needs to do more to share the risk.
Is the current taxpaying generation behaving unethically by allowing the government to amass a $213 billion deficit to inject life into the economy, and leaving others to pick up the tab?
In reality, the government had little choice but to spend on a vast scale. What might make that spending more or less ethical in intergenerational terms will depend at least partly on the effectiveness of the budget measures according to the government’s job-creation goals.
via Inside Story, 7 October 2020See More
The boards that are steering their company in the right direction during the pandemic have a common thread, according to Vanessa Pigrum, chief executive at Cranlana Centre for Ethical Leadership.
A lot of this success, she says, has to do with communication and understanding.
“Each board is idiosyncratic,” she tells Investment Magazine. “But if I could generalise to some extent, the organisations that are handling this well have a strong, robust relationship between the executives and the board.”
Alongside the need for effective relationships, Pigrum cited the balance between ethics and business survivability as the major concern executives are dealing with in the pandemic.
Investment Magazine, 5 October 2020See More
Powerful as it is, the supply chain metaphor draws our attention away from the larger forces that shape the problems we should be tackling. These include the sustainability of current consumption patterns; the absence of economic alternatives; weak regulatory oversight; scant protection for whistleblowers and journalists; the ease with which corporate ownership can be hidden and disguised; and the commercial pressures and incentives that likely drive those profiting from abuses or taking shortcuts. Our efforts to build stronger and more resilient supply chains will get us only so far. The thing we’re trying to perfect is only an image, and a partial one at that. Alternative visions can help us return these broader issues to the debate, while reminding us, for example, of the importance of engaging everyone affected by global supply chains in the discussion of how they should be organised.
via Aeon Media, 11 September 2020See More