AWGF Conference - Superannuation & the Social Purpose: Nation Building, Governance & Politics
24th Oct 2011 9:00am
There is over $1 trillion dollars of accumulated workers savings in superannuation. We can think of these funds as labour's capital, and it gives those who manage those funds potency in the capital market. But managing those savings in the long term interests of the workers who provided them has ambiguities. What should be the role of those who manage labour's capital?
Much has been made of the potential and actual benefits to the 'economy' and 'nation' of this savings pool. But has the utilization of this pool led to positive changes for workers in the nature of economic activity, and to a more equitable society? Should these be issues of concern to those who manage labour's capital?
Superannuation gives workers a direct interest in the profitability of industry. We know also that, through notions such as shareholder value, financial markets have driven an intensified cost focus onto businesses, with implications for job security, wages and working conditions. Should those who manage labour's capital be concerned with the working conditions and standards of labour in production?
Does the presence of worker representatives on superannuation trustee boards affect the way financial decisions are made? Or is the raison d'être of industry super funds purely to secure lower fees and better returns?
Developed on the highly successful model of the Harvard University's Managing Labour's Capital this conference will draw on key academic and industry experts from Australia and abroad to address these important questions.
This is a one-day conference convened by the AWGF (Australian Working Group on Financialisation) at the University of Sydney.
Places Strictly Limited
For details & to register: http://www.wrc.org.au/events.php
Australian Working Group on Financialisation,
The University of Sydney
Tel: 0403892391 (business hours)