After Nick McKim’s saving of Brad Banducci, corporates may be wary of cooperating with Greens-led inquiries. Some, it seems, already are.
Opinions differ on the wisdom of using the Senate’s extraordinary powers to threaten to jail CEOs who refuse to humbly recite a corporation’s return on equity.These antics have made McKim the most relevant political figure he’s been in months. He’s lauded in TikToks across the land, a champion of the low-information voter, even as everyone else lashes him for wasting the Senate’s time.
Having seen the Senate’s powers of compulsion serving the production of so much social media marketing, corporations may be wary of cooperating with Greens-led inquiries. Some, it seems, already are.will chair the first public hearing in her inquiry into greenwashing. And some of those appearing – businesses listed on the schedule include EnergyAustralia, Glencore, Mercer, AustralianSuper, ANZ, and NAB – didn’t, initially, agree to come.
But no matter. A day after McKim’s Banducci cage fight, Hanson-Young received approval from her Senate colleagues to compel the corporates to appear, if they would not do so when asked. Hold-outs were told this is what would happen, and decided, on reflection, to turn up “voluntarily” instead.behind closed doors. Though last week’s events have made these particularly pointed. The fact that we heard about them at all is proof of that.
Hanson-Young said appearing was part of being a good corporate citizen, and in her experience while “most companies are happy to appear, there are a few bad apples, but thankfully the Senate has the power to deal with them”. Before adding that she was looking forward to the “interrogations”. Her word, to be clear.
The current schedule reveals most are shielding their CEOs from the ordeal, sending along their risk or corporate affairs chiefs instead. Though Mercer chiefwill face Hanson-Young’s blowtorch sometime after lunch. Topics of discussion will surely include the $11.3 million penalty for investment greenwashing Mercer paid last year. At least, after Banducci, Barber will know all about what not to do.is Rear Window editor based in the Melbourne newsroom.
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