Gonski, Go.

Garpal Gumnut · 16 March 2012

The matter of the Future Fund and the choice of Chairman is troubling to those of us who hold good corporate governance dear.

Corporate governance basically is the good, trusted running of an entity on behalf of it's members.

Mr.Gonski would fulfil this role admirably, in any organisation, from local bowls club to a minor not for profit, and beyond.

His recent appointment to chair the Future Fund is troubling.

It follows his intimate canvassing of the minds of the existing board members/directors, as to who would be best to chair the organisation.

Board members need to be independent and much of this independence is about having ideas separate and privy from all the other members, which coalesce in to a meaningful way forward for the entity.

By the process of Gonski's canvassing of the inner thoughts of the Future Fund board members, and his subsequent appointment as Chairman, he should take the moral high ground, and resign.

Gonski, Go.

gg

Starcraftmazter · 16 March 2012

Against the man who drove Australia's economy into the ground, I would trust a homeless guy on the street to manage the Future Politician's Pensions fund.

Not that I would think you care GG - not being a politician and all.

joea · 16 March 2012

Garpal Gumnut said:
By the process of Gonski's canvassing of the inner thoughts of the Future Fund board members, and his subsequent appointment as Chairman, he should take the moral high ground, and resign.

Gonski, Go.

gg

GG
I think your post is well worded.
One wonders if Gonski canvassed the thoughs of the Labor Party more than those of the board, to leave the impression he was the best man for the job.
If he did not, then it is a "snub" at the liberals.
For some reason anything the Labor party does, there is always a document available that can explain the truth. Of course nobody will be allowed to see it.
joea

Julia · 16 March 2012

Garpal Gumnut said:
The matter of the Future Fund and the choice of Chairman is troubling to those of us who hold good corporate governance dear.

Corporate governance basically is the good, trusted running of an entity on behalf of it's members.

Mr.Gonski would fulfil this role admirably, in any organisation, from local bowls club to a minor not for profit, and beyond.

His recent appointment to chair the Future Fund is troubling.

It follows his intimate canvassing of the minds of the existing board members/directors, as to who would be best to chair the organisation.

Board members need to be independent and much of this independence is about having ideas separate and privy from all the other members, which coalesce in to a meaningful way forward for the entity.

By the process of Gonski's canvassing of the inner thoughts of the Future Fund board members, and his subsequent appointment as Chairman, he should take the moral high ground, and resign.

Gonski, Go.

gg

Agree. He has abused the trust of the board members who engaged with him in good faith during the assessment process.
He should have disqualified himself from availability for the job.
Can't help wondering if it was all just another Labor set up.

sptrawler · 16 March 2012

It would appear labors mud slinging now extends outside the walls of government. Swan, Cameron and Albanese publicly slagging off at Costello really does smack of undisciplined rabble.
It would appear the labor party are going to behave like a marauding gang of thugs abusing anyone who disagrees with them.
I suppose the Queensland election will show how effective it is.
To me it makes them appear pretty trashy, might pull a few votes in the local pub, but
I don't think the general electorate will warm to it.
Also, how those three can question anyones business acumen is beyond me.

http://www.smh.com.au/opinion/political-news/swan-joins-labor-attack-on-costello-20120316-1v93d.html

MrBurns · 16 March 2012

Julia said:
Can't help wondering if it was all just another Labor set up.

Of course it was.

Knobby22 · 16 March 2012

Interesting..... This is what I thought also but what does that say about the Future Fund board???
Former senior Liberal Party figure Nick Minchin has weighed in to the Future Fund furore, saying appointing his former colleague Peter Costello to the chairman's job would have been "most unwise".

But in a letter to The Australian, Mr Minchin says the fund was naive to think the Government "could, would, or even should appoint Peter Costello as chairman".

"The fund must be, and be seen to be, independent, professional, completely above politics and entirely apolitical," Mr Minchin writes.

"Appointing a former politician - even one of the stature of Costello - as chairman, would therefore be most unwise, something Costello himself would understand better than anyone."

Audio: Opposition maintains attack over Future Fund appointment (AM)
The former Liberal senator says while the Government's process has been "utterly shambolic" he believes Mr Gonski is a good choice.

http://www.abc.net.au/news/2012-03-16/robb-blasts-future-fund-appointment/3893384

Dressdown · 16 March 2012

It was probably a bit naive of Costello to expect those ALP folk to put him in charge of the Future Fund.

What bothers me is the thought of anybody from that side of politics be it Wong, Duck, Julius, Thompson, Garret and the rest, going anywhere near the future fund. The temptation to plunder and waste that bucket of money must be overpowering for that bunch of wasters.

sptrawler · 16 March 2012

Dressdown said:
It was probably a bit naive of Costello to expect those ALP folk to put him in charge of the Future Fund.

What bothers me is the thought of anybody from that side of politics be it Wong, Duck, Julius, Thompson, Garret and the rest, going anywhere near the future fund. The temptation to plunder and waste that bucket of money must be overpowering for that bunch of wasters.

Don't worry about the future fund, it's your super that they would like to get their hands on or at least force it to be spent on underperforming 'nation building' infrastructure projects. LOL

sptrawler · 16 March 2012

Knobby22 said:
Interesting..... This is what I thought also but what does that say about the Future Fund board???
Former senior Liberal Party figure Nick Minchin has weighed in to the Future Fund furore, saying appointing his former colleague Peter Costello to the chairman's job would have been "most unwise".

But in a letter to The Australian, Mr Minchin says the fund was naive to think the Government "could, would, or even should appoint Peter Costello as chairman".

"The fund must be, and be seen to be, independent, professional, completely above politics and entirely apolitical," Mr Minchin writes.

"Appointing a former politician - even one of the stature of Costello - as chairman, would therefore be most unwise, something Costello himself would understand better than anyone."

Audio: Opposition maintains attack over Future Fund appointment (AM)
The former Liberal senator says while the Government's process has been "utterly shambolic" he believes Mr Gonski is a good choice.

http://www.abc.net.au/news/2012-03-16/robb-blasts-future-fund-appointment/3893384

What I can't understand is the way labor politicians have taken to personal attacks on individuals. It is as though they have got a taste of 'blood' after the Rudd attacks.
From what I have read, I didn't see the interview, Costello said the selection process appeared shambolic.
Since then we have a procession of labor and a green politicians making a savage personal attack on Costello.
Shows a real lack of class and the type of people running the country.
The good thing is it is showing them in their true colours. They most probably had nothing to do with the selection process, yet can't stop themselves running off at the mouth. LOL what a bunch of losers

medicowallet · 16 March 2012

Poor short sighted labor thugs.

If their union friends do not give them jobs, then they have set themselves up for a tough time finding work after politics..

could be a very long time in opposition for them.

sails · 16 March 2012

Starcraftmazter said:
Against the man who drove Australia's economy into the ground, I would trust a homeless guy on the street to manage the Future Politician's Pensions fund.

Not that I would think you care GG - not being a politician and all.

Wow SCM - if you think Costello drove Australia's economy into the ground, then what do you call the plundering since ALP took over shown so clearly in the chart below? What is there to show for that spending?

And, when it comes to housing to homless people, I don't think labor are much good at that either - unless, it seems, they arrive without papers by boat.

Starcraftmazter · 16 March 2012

sails said:
Wow SCM - if you think Costello drove Australia's economy into the ground, then what do you call the plundering since ALP took over shown so clearly in the chart below? What is there to show for that spending?

And, when it comes to housing to homless people, I don't think labor are much good at that either - unless, it seems, they arrive without papers by boat.

None of the things you mentioned have anything to do with the strength of a nation's economy.

sptrawler · 16 March 2012

Starcraftmazter said:
None of the things you mentioned have anything to do with the strength of a nation's economy.

No I suppose it doesn't, but it does reflect on government expenditure and lack of return for that investment.
This in turn results in the government having to increase the tax base, as the current tax base isn't enough to cover expenditure, let alone reduce debt.

Starcraftmazter · 16 March 2012

sptrawler said:
No I suppose it doesn't, but it does reflect on government expenditure and lack of return for that investment.

Government expenditure in itself (that is in itself) is not related to the strength of the economy.

I would like to see any statistic you have about the return on investment of government spending.

sptrawler said:
This in turn results in the government having to increase the tax base, as the current tax base isn't enough to cover expenditure, let alone reduce debt.

I sure would like to live in the simplistic world you do.

Garpal Gumnut · 17 March 2012

Starcraftmazter said:
Government expenditure in itself (that is in itself) is not related to the strength of the economy.

I would like to see any statistic you have about the return on investment of government spending.

I sure would like to live in the simplistic world you do.

SCM,

Were you, or were you not breastfed?

You appear to have suckling opinions at variance with the evidence.

gg

sptrawler · 17 March 2012

Starcraftmazter said:
Government expenditure in itself (that is in itself) is not related to the strength of the economy.
That is what I agreed with.

I would like to see any statistic you have about the return on investment of government spending.

Just ask NBNMyths to give you a run down on how much they are going to make on that investment

I sure would like to live in the simplistic world you do.

It is fairly simplistic, if a government spends more than it takes in in taxes and reciepts from government agencies, it runs a deficit. I like to keep it simple, just a strugling retiree.

Starcraftmazter · 17 March 2012

sptrawler said:
It is fairly simplistic, if a government spends more than it takes in in taxes and reciepts from government agencies, it runs a deficit.

Which has nothing to do with the strength of the nation's economy.

joea · 17 March 2012

Starcraftmazter said:
Which has nothing to do with the strength of the nation's economy.

What strength?
Oh! The "strength's" seen through the eyes of Wayne Swan.
I am afraid he is the only one with that vision. He must have a set of magic glasses.

joea

rumpole · 17 March 2012

Costello is far too political to be the future fund chairman. He got a spot on the board which he should be happy with. the chairman should be as independant as possible, like the Reserve bank governor

Gonski, Go.

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