Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

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.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>

ALSO:

Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>

ALSO:

RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>

ALSO: