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Issue No. 203 | 14 November 2003 |
Beyond the Workplace
Interview: Union for the Dispossessed Unions: Joel's Law National Focus: Spring Carnival Bad Boss: Fina and Fiends Industrial: The Price of War Economics: Who's Got What History: Containing Discontent Review: An Honourable Wally Poetry: The Colours of Discontent
Hardie Shareholders Face Death Road Workers Swing Left-Right Blows Developers To Kick Transport Can Cleaners Mop Up Contracts Mess Unions Set To Stand Up To Bullies Jack Thompson Headlines Launch
The Soapbox Sport Politics Postcard
Super Solidarity Perils Of Pauline Put A PM On The Barbie Tom Holds Water
Labor Council of NSW |
News Joy Battles Goode at ANZ
Buckland will this week ask ANZ shareholders to send her proxy votes ahead of the December 19 Annual General Meeting, arguing Goode�s bid is contrary to good corporate governance.
Goode is also director of Woodside Petroleum, a director of Singapore Airlines and was a director of Air New Zealand when it made its fatally disastrous bid to takeover Ansett and remained on the board as it crashed to earth. Support for Buckland, who is also the NSW president of the Finance Sector Union, is growing amongst trade unions who have representatives on key industry super boards. Meanwhile, the Australian Shareholders Association has flagged it will also oppose the Goode bid on the grounds he holds multiple chairmanships, while yet to indicate whether they will recommend a vote for Joy. In contrast to Goode, Buckland has vowed that her commitment to ANZ shareholders, staff and customers will be her sole focus. "After 27 years working for the ANZ, I know that this bank needs the undivided attention of its corporate leaders," Buckland says. "I won't be juggling my time between this Board and other boards, I'll simply be committing to the one organisation that I know as well as my own family - the ANZ." In her statement of candidacy, to be distributed to all ANZ shareholders, Buckland makes out the case for worker representation on the Board. "It is not enough to talk about stakeholder needs through carefully messaged publications," she writes. " It is necessary to work with and experience first hand the issues confronting ANZ stakeholders on a daily basis. It is this experience that will be of benefit on the ANZ Board. "Many of the communities which the ANZ is established to serve have in my view been let down by branch closures, service cut-backs and fee increases instituted in recent years.
"Both customers and staff of the bank are affected by these measures in their financial wellbeing and in the trust and confidence they place in the bank. The long term health of the business, and your investment in ANZ, depend on these measures being reversed."
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