Yes. So it is up to shareholders to make that point. I’ve been at AGMs when that has been raised and directors just say they believe donations are in the best interests of shareholders. Which may well be true in the case of those companies
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IMPORTANT // Please look after your loved ones, yourself and be kind to others. If you are feeling that the world is too hard to handle there is always help - I implore you not to hesitate in contacting one of these wonderful organisations Lifeline and Beyond Blue ... and I'm sure reaching out to our PRE community we will find a way to help. T.
Talking Politics
- Thread starter Legends of 2017
- Start date
The amount ASX companies donate wouldn't cover a third tier executive salary.
So you could argue
1) getting influence over government comes remarkably cheap (in shareholders interest)
2) and even if it doesn't achieve anything the impact on profit is a drop in the ocean.
Seems to be some consensus that politicians should not be influenced ... I want them to listen... To individuals, community groups, welfare lobbies, professional associations, yes even big huge whopping businesses who employ and serve and profit Australians.
And if those donations are effective they lead to better returns for the company thus better prospects for their employees. (Reg we want to give you a pay rise as you will be a lot busier now we can export more due to the new trade agreement the govt signed with India. Eff off boss I don't want your bribes, you give money to the Liberals.)
Didn't think Tingle ever thought Morrison had any attributes large enough that could then be diminished. She is certainly relentless.
Farewell Dim Tim.
www.abc.net.au
'I have let many people down': Victorian MP Tim Smith to quit politics after drink-driving crash
The former shadow attorney-general announces he will not contest next year’s state election, a week after he was caught drink-driving after crashing into a fence in Hawthorn, returning a blood-alcohol level more than twice the legal limit.
www.abc.net.au
Took a few nudges but he finally got the hint.Farewell Dim Tim.
'I have let many people down': Victorian MP Tim Smith to quit politics after drink-driving crash
The former shadow attorney-general announces he will not contest next year’s state election, a week after he was caught drink-driving after crashing into a fence in Hawthorn, returning a blood-alcohol level more than twice the legal limit.
Nudged the bottle
Nudged the wall
Got nudged toward the door n finally exiting.
Farewell Dim Tim.
'I have let many people down': Victorian MP Tim Smith to quit politics after drink-driving crash
The former shadow attorney-general announces he will not contest next year’s state election, a week after he was caught drink-driving after crashing into a fence in Hawthorn, returning a blood-alcohol level more than twice the legal limit.
Still think he's an ideal candidate for a safe federal Nationals seat
All that is most probably true
The couple of agitated shareholders making comments that I have heard is when a company donates to one political party but not any other and it is not about the amount but the perception. Some shareholders feel that the job of a company is not to favour a political party and donating to one creates that impression.
I also feel that the reason why some donate equally to both LNP and ALP is to make sure that impression does not get created and that the extra amount, although potentially wasted, is important so not to create a perceived position of political bias.
Watch him get some nice cozy positions from his mates. He will end up on a few public sector boards and a think tank or two just to cushion the blow a little
Sorry shouldn’t use terms like think tank and Tim Smith in the same sentence
Yep. That happens with just about all pollies from especially the major parties. Plenty of backside wiping to keep the departing team members feeling much loved.
True Sin. I'm sure that unions would make the same case with greater meaning given companies tend to donate to both parties.
If this is true regarding red shirts Dan Andrews should be in trouble (and asked to stand down) as he has always stated that he didn’t know about it until after the election. Very huge if though with this bloke. So probably unlikely to be true.
www.abc.net.au
Daniel Andrews ignored warning on red shirts rort, Adem Somyurek tells IBAC
Former Victorian minister and Labor powerbroker Adem Somyurek tells a corruption inquiry the Premier ignored his warning about Labor's red shirts scandal.
www.abc.net.au
