||Issue No. 191||15 August 2003|
Three Year Itch
Interview: The New Deal
Unions: In the Line of Hire
Culture: Too Cool for the Collective?
International: The Domino Effect
Industrial: A Spanner in the Works
National Focus: Gathering of the Tribes
History: The Welcome Nazi Tourist
Bad Boss: Domm, Domm Turn Around
Poetry: Just Move On.
Review: Reality Bites
The Locker Room
MUA CD Launch
The Remittance Man
Bosses Grab Massive Pay Hikes
Those discrepancies are well above international averages, provoking ACTU delegates to consider demanding limits, along with increased accountability.
Eight hundred worker representatives will debate wide-ranging measures to beef-up corporate accountability at the ACTU's triennial congress in Melbourne this week, including calls for improved disclosure of executive pay.
They will vote on a draft policy requiring corporations to come clean of executive payments at shareholders meetings by reporting details and how those figures relate to company performance.
Other key demands include greater rights for beneficial owners, including super funds, and measures to ,,,
ensure the independence of directors, analysts and auditors
restrict the exercise of options
improve protections for corporate whistleblowers
remove corporate tax deductibility on salaries of more than $1 million
increase penalties for breaches of directors duties
increase personal liability for damages by directors responsible for losses through breaches of their responsibilities.
ACTU statistics reveal that, outside Australia, chief executive earnings average out at 11 times the legal minimum adult wage.
Other key policy areas for debate, during congress, come under the general headings - Future of Work, Work and Family, Future Strategies and Youth
The ACTU is seeking endorsement for its plan to run a Test Case that would bring an immediate 25 percent increase to thousands of 20-year-olds. In supporting affiliates, chipping away at youth rates, the ACTU will argue for 20 year olds to receive full adult pay rates.
Casualisation, highlighted by the NSW Labor Council's Secure Employment Test Case, will be another focus of the union gathering.
Latest statistics reveal that more than a quarter of Australian workers now survive in casual or part-time work, with 80 percent of jobs created in the past decade paying less than $26,000 a year.
Casual employment, without security or entitlements, is increasingly becoming regular and fulltime. Workplace Relations Minister, Tony Abbott, told Parliament earlier this year, that more than 50 percent of the millions of casual employed in Australia had worked regularly, for more than a year, with the same employer.
Organising, campaigning, lobbying, negotiating and taking legal action are canvassed in proposals for dealing with the explosion in casual hire, contracting out and labour hire.
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