Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Corporate Social Responsibility Rorts

The New Zealand Business Roundtable should be commended for its courage in releasing yet another intellectually rigorous work on the matter that goes to the heart of corporate governance says ACT Commerce spokesman Stephen Franks.

“The book, ‘Misguided Virtue – False Notions of Corporate Social Responsibility’, was launched today. It deserves a correspondingly rigorous response from New Zealand’s policy makers, not cliches.

“Mr Stephen Tindall’s comments on radio this morning sounded sensible - but we all have a stake in not reopening the door to embezzlers hiding behind fine slogans. The most pious sounding rogues have robbed companies and shareholders, while professing good works and noble intentions.

“I spent enough time helping clean up the mess of the 1980s. People involved had often masked their true character with arts patronage and other purportedly virtuous sponsorships.

“I am only too well aware of how empty corporate governance and social responsibility and environmental responsibility reports often are. An experienced company chairman once told me had two classic warning signs of misdirection of shareholder assets. First and most obvious is the corporate jet. The other is a sudden lurch into noble corporate governance statements and professed social responsibility.

That is the problem when managers are allowed to pursue confused or competing objectives. They can block accountability and instead pursue their own enthusiasms and interests with property that is not theirs,” Stephen Franks said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

NZEI: Primary Teachers And Principals Vote To Reject Offers

Primary teachers and principals have resoundingly rejected the Government’s latest collective agreement offers...

NZEI Te Riu Roa President Lynda Stuart said members had sent a clear message that the offers did not address concerns about the growing teacher shortage, time to teach and support for children with additional learning needs. More>>


No Confidence In GWRC: Bus Drivers Vote For Strike Next Month

The Wellington Tramways Union today voted overwhelmingly for bus drivers to strike because of the breakdown in negotiations with the Wellington bus operators. More>>


Unanimous: MP Pay Freeze Bill Passes

“The Remuneration Authority (Members of Parliament Remuneration) Amendment legislation, to freeze the pay of MPs for one year, has been passed unanimously by the House today." More>>

Gordon Campbell: On The Party Of No Ideas

The striking thing about the issues that have had political coverage over the past few months is the almost total lack of policy content to any of them. To date, Her Majesty’s Opposition have been entirely focussed on failings in Beehive management.. More>>


America's Cup: Environment Court Grants Consents

Auckland Mayor Phil Goff says, “I welcome today’s decision by the Environment Court to grant consent for the bases and associated infrastructure to host the 36th America’s Cup." More>>


Gordon Campbell: On Bridges’ ‘Meth Crooks’ Leadership Failure

Back in June, Bridges publicly accepted that Housing NZ had got it wrong, and that the National government had acted upon bad advice. Now, you’d think this admission would create a broad bi-partisan basis for compensation to those families who had been unfairly evicted... More>>


Medical: New Surgical Mesh Safeguards

The Government has introduced strict new safeguards on the use of surgical mesh that are expected to limit its use in urogynaecological surgery. More>>


Handley Handling: Fired Chief Technology Officer Releases Communications

In the interests of drawing a line on this issue, today I am releasing a detailed timeline of events and all of the emails and texts between myself and Clare Curran, and myself and the Prime Minister about the role and my move back to New Zealand. More>>





InfoPages News Channels