Australia has many policy issues that are in the
political “too hard basket” for the required level of change. These issues are
complex to fully understand, and some surface strong and varying attitudes
across the community. We have a freshly installed federal government
saying it wants to re-establish trust in government and build a better
Australia. Rebooting our democracy would be an excellent place to start.
https://www.aicd.com.au/good-governance/public-trust/organisation/democracy.html
Economist Chris Richardson told
Inquirer when asked about next week’s budget: “I go immediately to Elvis: a little
less conversation, a little more action, please.”
We have a federal government attempting to address many significant
issues but with a very limited mandate due to the gaming tactics used in extracting
an electoral victory from a public who distrusts the political class.
The government needs to spell out the gravity of the gap
between public expenditure expectations and revenue streams – and establish a
citizen’s assembly to build a legitimate public mandate for the needed changes
in expenditure and revenue raising.
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Victoria has joined all the other Australian states in aiming high on 95% renewables by 2035 and rapidly phasing out coal-fired power. The Government will "replace polluting, privately owned coal with clean government owned renewable energy" with a $1bill commitment to the delivery of 4.5GW worth of renewable energy projects:This follows major announcements from the Qld, NSW and WA states with similar targets. It differs somewhat in the increased government involvement.And this only covers energy and does not yet address emission reduction in the other sectors, especially transport and agriculture - but watch this space:https://www.innovationaus.com/victoria-commits-to-95-renewables-target-by-2035/
Non-Executive Director Arlene Tansey in conversation with Jason Betts of Herbert Smith Freehills on class actions, ESG, innovation and entrepreneurship. Their discussion covers how listed entities approach corporate governance, the changing risk environment from the re-emergence of royal commissions to continued growth in class actions, increasingly proactive corporate regulators, and corporate governance risk in an environment of increased shareholder activism.Watchhttps://youtu.be/WcqOp_d6jTw?t=3
