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Banking leader opposes responsibility in business!


Banking leader opposes responsibility in business!

"Why is Finsec launching a work/life balance campaign next week?" asked Andrew Casidy, Acting General Secretary of the bank workers' union, Finsec.

"The answer is, because of attitudes like that of the ANZ's Sydney-based regional head of investments and equities, Joseph Healy.

"The DominionPost this morning released a chapter from Healy's forthcoming book – Corporate Governance and Wealth Creation in New Zealand.

"In it he says '…the business community should reject as false gods the value given to triple bottom lines and sustainable development.' "By rejecting these concepts, Healy rejects economic, social and environmental responsibility in business.

"As the union for bank workers it does not surprise us that a banking leader should reject any idea of social responsibility.

"The behaviour of big banks towards their workers over recent years has seen a decrease in the quality of workers' lives. People don't enjoy their work any more and they carry their work stress home and find their role as parents more difficult to sustain. They also find it harder to play a role in the community.

"Customers have also been treated in a cavalier way, with branch closures and a reduction in personal service.

"It cannot possibly be a good long-term business strategy to ignore the real human needs of the workforce or the community," Andrew Casidy concluded.

Finsec's work/life balance campaign will be launched by Chief Human Rights Commissioner Rosslyn Noonan and NZCTU President Ross Wilson at 12.30 pm at the Michael Fowler Centre on Wednesday 4 December.

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