Sir John Anderson outlines his challenges
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D ECEMBER 2006 Sir John Anderson outlines his challenges Sir John Anderson KBE, seen here addressing MPs and corporate members and guests at the New Zealand Business and Parliament Trust’s annual MPs’ Business Briefing in Parliament’s Banquet Hall. The annual MPs’ Business Briefing was thought-provoking address entitled and it also appears on the Trust’s website held on Wednesday 11 October in the “Forces, Consequences and the Future”. which can be found www.iabp.org/nz. Banquet Hall in Parliament’s Executive Drawing on his wide experience in This year’s MPs’ Business Briefing was Wing. business, the environment and the held in the recently refurbished Banquet These Briefings are an occasion for a community, Sir John engaged the Hall in the Executive Wing (Beehive) and speaker of note to address the Trust’s audience of parliamentarians and business Sir John’s address was followed by a meal parliamentary and corporate members on representatives with a series of historical held in the Banquet Hall. some topic of importance on “snapshots” which he then linked together In addition to our own parliamentarians, developments in the business world and to illustrate the paths we have traversed as two visiting parliamentarians from the their impact in the political scene. a nation and to pose questions about our Irish Parliament (Oireachtas) attended the This year’s address was given by Sir future directions. event, accompanied by the Honorary John Anderson KBE who delivered a The full text of Sir John’s address is Consul General of Ireland in New published as a supplement to this Bulletin Zealand. The Trust extends Season’s Greetings and best wishes for 2007 to all its members and associates and thanks you for your support during the past year November Parliamentary Seminar “I have had a great day!” The majority of the participants said they found the day very informative with a good the parliamentary environment, including the demands and constraints and their wrote Lanice McMillan of the Nuance balance of speakers. One of those responsibilities to their parties and other Group in the evaluation questionnaire she attending said how much he enjoyed the parliamentary colleagues. completed at the end of the one-day juxtaposition of viewing a select committee Seminar held in Parliament’s Legislative The speakers at the November seminar meeting in action versus Question Time. Council Chamber on Wednesday were: However, a number also expressed 8 November. disappointment that more time had not Hon Margaret Wilson - Speaker of the House And so it seemed, did the majority of the been allocated to witnessing both. Mary Harris - Deputy Clerk of the House attendees at the seminar. Lanice, like many The Trust acknowledges the popularity of Tim Barnett - Senior Government Whip of the other 34 representatives of the the experience of both these events but Trust’s corporate membership who Lindsay Tisch - Senior National Party Whip unfortunately is constrained by time and attended, said that the seminar provided “a only able to give seminar participants a Hon Mark Burton - Deputy Leader of the House wonderful insight into the roles of MPs” (deputising for the Prime Minister) very ‘small taste’ of both within the whole and she was grateful to have had the day’s programme, which is designed to Gerry Brownlee - Deputy Leader of the opportunity to attend. give an the business community an overall Opposition It was extremely heartening to those insight into the work of parliamentarians, Hon Peter Dunne - Leader of United Future NZ involved in the organisation of the seminar with particular emphasis on how to hear how much those who attended Dr Pita Sharples - Co-Leader of the Mäori Party government is exercised through enjoyed the day’s programme and how Parliament. Hon David Cunliffe - Minister of Immigration worthwhile they found it. Even those who Shane Jones - first-term Labour List MP The Trust is particularly fortunate to have had some knowledge of Parliament before the support of very senior members of the Jo Goodhew - first-term National MP for Aoraki attending said how much their knowledge House who are more than happy to give had been increased and many said they Marie McNicholas - chairperson of the their time to speak frankly and Parliamentary Press Gallery. would firmly recommend to their informatively about their own roles within colleagues. Seminar participants seen here in the Debating Chamber during their brief tour of Parliament House. The participants were joined at lunchtime by the following parliamentary speakers as well as some Associate Members of the Trust: Tim Barnett (speaker) Jo Goodhew (speaker) Pita Paraone Lindsay Tisch (speaker) Gordon Copeland Ann Hartley Ross Robertson and Anne Tolley. Hon Peter Dunne (speaker) Darren Hughes Eric Roy November Parliamentary Seminar (continued) Mary Harris, Deputy Clerk of the House, seen here speaking to participants on “The Business of the House” at the shared session with Senior National Party Whip, Lindsay Tisch (obscured) and Senior Government Whip, Tim Barnett (far right). Also seated at the table is Barry Dineen, chairman of the Trust. Hon Mark Burton, Deputy Leader of the House, speaks to participants on the session “Exercising Govern- ment through Parliament”. Mr Burton was deputising for the Prime Minister who was unavailable to speak on the day due to other commitments.. Marie McNicholas, chairperson of the Press Gallery talks on “Reporting Parliament”. First-term National MP for Aoraki, Jo Goodhew, talks on her role Dr Pita Sharples, Co-Leader of as a relatively new opposition MP on the back benches, covering the Mäori Party, addressing par- pressure groups and lobbying, and the effectiveness and limita- SEMINAR PARTICIPANTS ticipants on “MMP at Work”. tions of an MP. Alison Bamford - Southern Cross Healthcare Steven Bartholomeusz- Shell New Zealand MPs Business Study Attachments Steve Bielby - Vector Cynthia Brophy - Transpower New Zealand Lucy Budding - Russell McVeagh – a great result for 2006 Clive Bull Mike Caird - Vector - ABN AMRO Brian Casey - Fonterra With a record number of applications from 23 members of Parliament interested in Linden Clark - Radio New Zealand undertaking a study attachment with one of the Trust’s corporate members, it was Shaun Drummond - Television New Zealand always going to be a challenge to fully achieve those attachments in one year. So it has Claire Falck - Rio Tinto Aluminium NZ proved. Bridget Fitzpatrick - GlaxoSmithKline As the parliamentary year has progressed, the parliamentary demands on members’ James Gossage - Deloitte time and hence availability to undertake an attachment has meant that not all of the Liz Hampton - IBM New Zealand attachments have been able to go ahead. Greg Harford - New Zealand Post However the following twelve members of Parliament will have completed their Shannon Hanrahan - SKYCITY attachments by year’s end: John Johnston - Westpac Tim Barnett - Air New Zealand Sue Kedgley - Foodstuffs Michelle Kong - Telecom New Zealand * David Bennett - Westpac * Colin King - Auckland International Airport Sheryl Kurte - Merck Sharp & Dohme Martin Kwan - EDS New Zealand * Mark Blumsky - Vodafone Moana Mackay - SKYCITY Entertainment Janine Legarth - NZ Lotteries Commission Steve Chadwick - Fonterra Paul Swain - Vector David Libeau - Qantas Airways * Tim Groser - TVNZ *Chris Tremain - Lion Nathan Nic McCondach - Genesis Energy * Nathan Guy - Genesis Energy *Judy Turner - TVNZ Lanice McMillan - Nuance Group Murray Needham - Televison New Zealand *first time attachment Cheri Nelson - NZ Lotteries Commission Of the remaining applications, 5 have been deferred to 2007, arrangements for 3 are Debbie Noon - IBM New Zealand still being finalized and in 3 cases the decision has been made not to proceed with an Chris Reid - Bank of New Zealand attachment at this time. Paul Regtien - Southern Cross Healthcare The Trust is very appreciative of all of the corporate members who have been Lynne Sijbrant - Russell McVeagh involved with this year’s applications for the time and effort they have given to this Dirk Tulp - Compass Group important part of the Trust’s overall study programmes. Without exception, the Peter van Cingel - New Zealand Refining Co feedback from the members who have completed their attachments has strongly Jeff Walker - Southland Building Society emphasized the value to them of the attachment and their strong advocacy on the worth Mark Wilson - TelstraClear of this programme for Members of Parliament. Geoff Willetts - Telecom New Zealand November President’s Dinner The third and last President’s Dinner of 2006 was held on Tuesday 14 November, hosted by the Speaker, Hon Margaret Wilson, in her apartment. During the course of the evening, Madam Speaker thanked each guest for his or her support of the THE NEW ZEALAND BUSINESS & PARLIAMENT TRUST Trust and outlined past and future Trust developments and activities. “Advancing business understanding of Parliament and parliamentarians’ understanding of business” Patron - Sir Patrick Goodman PCNZM CBE President Chairman Hon Margaret Wilson MP Barry Dineen Trustees Simon Allen Rodney Hide MP Hon Jim Anderton MP John Key MP Rt Hon Helen Clark MP June McCabe* Hon David Cunliffe MP* Kerry McDonald* Barry Dineen* Rt Hon Winston Peters MP Hon Peter Dunne MP* Dr Pita Sharples CBE MP JP Jeanette Fitzsimons MP Sir Dryden Spring John Goulter DCNZM JP* Lindsay Tisch MP JP* *Board of Management Secretariat John O’Sullivan CNZM LVO JP Executive Director* Diana Litton Programme Coordinator Seen here with Madam Speaker are (left to right) Barry Dineen (Chairman of the Trust), Steve Corporate Members Murray (EDS New Zealand), Hon Dr Michael Cullen (Deputy Prime Minister), John Weeds (Compass Group), Tony Gibson (Maersk New Zealand), Lloyd Morrison, (Infratil), Jeanette ABN AMRO New Zealand Nuance Group NZ Fitzsimons, (Parliamentary Leader of the Green Party), Todd McLeay (New Zealand Lotteries Air New Zealand NZ Lotteries Commission Commission), and Ross Smith (Southland Building Society). Alliance Group NZ Post Also present at the dinner was John O’Sullivan (Executive Director of the Trust). Amway of New Zealand NZ Racing Board Auckland International Airport NZ Refining Company Proposed Programme for 2007 Bank of New Zealand Qantas Airways Beca Group Radio New Zealand Cisco Systems NZ Rio Tinto Aluminium (NZ) Compass Group Russell McVeagh Deloitte Shell New Zealand EDS New Zealand SKYCITY Entertainment Group Fonterra Co-operative Group Southern Cross Healthcare Foodstuffs NZ Southland Building Society Genesis Energy Steel & Tube Holdings GlaxoSmithKline NZ Talley’s Fisheries Holcim New Zealand Te Ohu Kai Moana IBM NZ Telecom New Zealand Infratil Ltd Television New Zealand " #$ % ! Kensington Swan TelstraClear Lion Nathan New Zealand Todd Corporation McDonald’s Restaurants NZ Transpower New Zealand Maersk New Zealand Vector % Meat & Wool New Zealand Vodafone New Zealand & Merck Sharp & Dohme (NZ) Westpac % ( Associate Members ' !" Shane Ardern MP Dr Paul Hutchison MP Hon Rick Barker MP Sue Kedgley MP Tim Barnett MP Hon Annette King MP % Mark Blumsky MP Colin King MP Sue Bradford MP Hon Winnie Laban MP * ) ' '+ Gerry Brownlee MP Moana Mackey MP Hon David Carter MP Hon Steve Maharey MP % ( John Carter MP Hon Nanaia Mahuta MP ' ,! ' '+ * !" Steve Chadwick MP Hon Trevor Mallard MP Dr Ashraf Choudhary MP Dr Wayne Mapp MP Gordon Copeland MP Ron Mark MP Hon Clayton Cosgrove MP Hon Damien O’Connor MP %(" " # Hon Dr Michael Cullen MP Pita Paraone MP ' ! $ # % Hon David Cunliffe MP Jill Pettis MP ! $ +- Hon Lianne Dalziel MP Simon Power MP Hon Harry Duynhoven MP Ross Robertson MP Hon Ruth Dyson MP Eric Roy MP % Jeanette Fitzsimons MP Dr the Hon Nick Smith MP / . ! 0- Martin Gallagher MP Hon Paul Swain MP Sandra Goudie MP Nandor Tanczos MP Tim Groser MP Lindsay Tisch MP JP % ( Nathan Guy MP Hon Judith Tizard MP ' 1 ! 0- / !" Ann Hartley MP JP Anne Tolley MP Phil Heatley MP Chris Tremain MP Hon Marian Hobbs MP Judy Turner MP Hon Pete Hodgson MP Dianne Yates MP Published by Darren Hughes MP The New Zealand Business and Parliament Trust Parliament Buildings, Wellington 6001 Telephone: 04 472 5365, Fax: 04 472 2016, Email: NZBPT@xtra.co.nz, Website: www.iabp.org/nz Address by Sir John Anderson at the New Zealand Business & Parliament Trust’s 2006 MPs’ Business Briefing “FORCES, CONSEQUENCES AND THE FUTURE” The Hon. Margaret Wilson, Barry The gold standard had been Snapshot Dineen, Members of Parliament and dropped, oil prices had surged, and members of the New Zealand inflation’s bloated taint was spreading Business and Parliament Trust. its tentacles into unsuspecting nations The float Thank you for inviting me to speak to and their economies. you tonight on the topic of forces, The day was fine and warm, the sun consequences and the future. By the early 1980’s the northern streaming in the window at the city hemisphere economies were well end of the dealing room. prepared to deal with inflation. New The French painter and writer Zealand’s long protectionist and The noise was loud, with shouting Gauguin, in the 1890’s, ran away from regulated environment found New from every desk. Pandemonium had Paris, his family and a stock broking Zealand deficient in skills and been continuous since the float career, to paint (and bed) native girls experience to deal with some of the announcement four days ago, telex in the tropics. In 1897, a steamer severe consequences of these machines clattered insistently in the docked at Tahiti bringing him terrible changes. background. news, Gauguin’s favourite child Alice, had died suddenly from pneumonia. Perhaps the 70’s and the 80’s are the periods to start to address Then from the hubbub a shrill voice After months of poverty and despair, Gauguin’s first question, where do we was heard “Broadbank need $5 the artist harnessed his grief to come from? And to do this perhaps a million, they are offering 1200% produce a vast painting. He wrote the peek at some snapshots from a overnight, who can book me 5.” title boldly on the image, three private diary from the 80’s, give a Further voices joined in from the childlike questions, simple but flavour of that decade and the effects fixed interest desk profound. on society, business and the community:- “I have $10 million 2 year “Ou venons nous? Que sommes governments at 35%” nous? Ou allons nous?” “DFC have 90 bills available at Snapshot 230%” Where do we come from? What are we? Where are we going? Then the currency trader chipped in “NZ/US rate up another 150 points.” Interest rate regulations The voices, and their plaintive sing Today, I would like to focus on song, lasted well into the night Gauguin’s questions, in a reflecting All the representatives of the finance context on New Zealand, the wider industry were crowded around the Snapshot financial and economic markets, and table, except for the small but more particularly the forces that have charismatic figure, who sat alone at and will influence our existence and the end, oozing and emanating power our future. The float aftermath as his gaze went around the room. Sir Spencer sat perfectly still – The business, economic and “You banks, you know the rules, you flanked by all his reserve bank financial markets in New Zealand in play the game or you will suffer the officials - it was only the small tendril the 1970’s were dominated by consequences.” of smoke from his ever-present regulation His glinting eye then settled on us. cigarette that broke the air. Across the table Geoff Thompson, bankers’ Government took all the risks; and “Well, he barked, merchant bankers, association chairman, was in full ruled the market’s behaviour with an what do you have to say for flight, “these rates are killing us, it’s iron hand. The real asset markets yourselves?” been 18 days, the banking system is such as shares and property, had in disarray, you have to act now.” languished for some time, the “Prime Minister, we are the price currency was fixed, as were deposit Spencer lifted one eyebrow, as he takers, you and the Reserve Bank are and lending rates. was wont to do, and shifted his gaze the price makers” “governor it does not seem logical to This period was dominated by Shaking his head like a bulldog he simply try and punish those who left governments who endeavoured to snarled “we will set the rates, you, funds offshore before the float, and in keep New Zealand in a cocoon of and all of you, keep to them…..or doing so push the whole financial safety, protected from the winds of else” system into a systemic risk position change that were sweeping through that could cause the financial sector the western economies and world Regulation in it’s finest hour. to collapse.” markets. Basically, it was time we stopped acting like a banana republic. NZBPT Information Bulletin Issue 3 2006 - supplement “FORCES, CONSEQUENCES AND THE FUTURE” Snapshot It was no consolation that the worth examining, and the shareholders got fair value. This was consequences which are still with us. his greatest role, now in ruins, as his Investment company collapse haggard and wan face peered over the Following the world’s real asset price now empty room and gazed upon his collapse of the late 80s, the new cadre The Brisbane day was hot and beloved whakatu. The largest and of management consultants in the balmy, as it normally was in January. finest meat works in New Zealand now northern hemisphere actively advised While the air conditioned building was to be scrapped. major world corporations that instead cool, the stench of sweat struck us as of stakeholder value being the priority, we entered the 19th floor boardroom rather shareholder value alone was and nervous tension electrified the air. To move to Gauguin’s second the purpose for which companies question – “what are we?” should operate. Fifty bankers, who had been waiting far too long, ringed the enormous table Correspondingly, the “Anglo/US.” “gentlemen, apologies for lateness. The 1990’s- the determinant of Model which I will refer to after this as You all represent $2.63 billion of what we are today the “US. Model” evolved with the unsecured debt of Ariadne. If any one following main features:- of you take action to recover your By the mid 1990’s the consequences debt, you and the rest of you will suffer of change from the 70’s and 80’s were Boards should set financial targets of huge losses, if not your total loan dealt with and New Zealand was more annual EPS growth that met or capital. in step with the world economies and exceeded the market expectations. markets. This would ensure the maximum There is a way forward to salvage share price will occur, and capital the position, it’s known as a From 1994, New Zealand has growth of the stock plus dividends lifeboat….” experienced an almost tranquil period would maximize the companies share of growth and prosperity. price in the short term. Snapshot The previous global issues now To ensure management are focused seemed almost irrelevant: on this objection, huge incentives, mainly in the form of stock options/ Inflation had been tamed in western shares and cash bonuses, were DFC economies. provided to management if they reached or exceeded the targets. The Japanese bankers were Free market policies were now in a normally impeccable in their manner; better balance with regulation. There Basically, the model resulted in self- however this was not the case today. was a better understanding that interest driving behaviours, at the Their hands twitched and their eyes regulation would ebb and flow over expense of future earnings, widened as they made their time, as it had over previous infrastructure investment, growth and submission once more. generations. the community. “We lent to DFC when it was owned The rise of Islam, at a time One might say “so what”, self- by the government, DFC are still Christianity was in decline, was not interest has always been a part of the owned by the government, through the new; the juxtaposition between these incentive sets that drove behaviour in government super fund two forces had been the subject of any industry or profession. conflict over past centuries. Please explain why the government However, the material difference in will not stand behind DFC now and However, the new free markets, now this case is the extent of self-interest. settle their loans with us, please free of the shackles of two world wars As the publication ‘governing the explain…….. Please explain!!! ” and their aftermaths were spawning corporations’ highlighted “the world is Snapshot new influences that have had, and will increasingly cynical and disillusioned continue to have, far-reaching by a system that pays CEOs and consequences for New Zealand and senior executives 400 times more than the world. the company’s average worker when Meat industry regulation there is simply no economic theory The major influences are as follows:- that can justify this level of income Clear as a bell, the clock struck six. imbalance”. Wearily he gazed around the The advance of technology that has boardroom once more, the portraits of transformed electronic communication The conventional business model his predecessors – great chairmen in worldwide. had been the Rhineland model, which great ages of pioneering, industry instead of focusing on shareholder development and prosperity. And; value alone; rather a company invests money in its customers, employees, The dealmakers had all left, their The ongoing move in western the environment and the rest of excited voices clammering, his board economies by businesses to a society. Instead of worrying about members had scurried away, eyes different business model. quarterly returns, it challenges the averted, after the long and agonising financial markets by insisting on taking meeting. The brief features of this model are a long term view. “FORCES, CONSEQUENCES AND THE FUTURE” It focuses on customer service and Consequences - snapshot new tools to help to ensure stability. looking after its employees. They questioned both the pursuit of Concepts like fun, family, virtues and low inflation as central banks values are embraced. For those who have studied the principal goal, and their reliance on Enron story you will know how their interest rates as the sole instrument Gayle Avery, from Macquarie energy traders, having secured their to achieve this. university, has since 1999 market position, organised for researched a large number of Enron’s generating plants to be Pursuit of low inflation had northern hemisphere companies and closed for maintenance, almost all at delivered economic performance, but the outcome of the different models the same time. repeated boom to bust financial shifts and summarised these in her book and the build-up of ‘credit – financial ‘leadership for sustainable futures’. The consequences were severe imbalances’ shown by bubbles in the blackouts in California and prices prices of assets such as houses, The outcome was startling. The moving from US$10 a unit to show a bigger toolkit of policies is Rhineland model showed that boards US$1,000 per unit. Overall, a profit needed.” and executives were able to lead of US$2 billion a year resulted. their organisations to greater Those traders received huge sustainability on shareholder value bonuses while society suffered both Consequences - snapshot over a long term period. the damage, inconvenience and cost. It also showed the US. model will New Zealand explored compulsory always be a sunset model once Consequences - snapshot superannuation, in the early 70’s and economic downturns occur in their early 90’s, but followed different industries or in general. It also options without a full understanding highlighted how the model The fight against inflation in the of the long term consequences. encouraged executives to act in their early 80’s was necessary and own financial self-interest and at a important, with business and In the early 1990’s Australia did cost to the company, the industry, the consumer behaviour adjusting to high introduce compulsory law and society. interest rates. superannuation and the consequences are huge. By 2010 an However, the US model continues However from the early to mid 90’s, estimated three trillion dollars of to gather momentum and the in the enhanced communication age, savings will have accumulated, by cascade effects on world markets the policies so effective in the 2020 the amount will be four times all and government policy are becoming previous decade, were now subject the trading bank deposits in a real concern. to attack from the new business Australia. world. What are some of the Already in New Zealand the consequences of the US model? Central banks, in trotting out its overflow of investment funds from prescribed formula for dealing with Australia, riding the artificial levels of inflation, namely high interest rates the New Zealand dollar are now Clash with governments free and a low inflation target, became changing the very nature of market ideologies prey to the hedge funds and currency ownership and sovereigncy of New speculators, who in effect had a one- Zealand companies, which in turn The 1980’s and 1990’s evidenced way bet with no thought for the following the us model, has serious the rolling back of the state sector in consequences on nations’ consequences from the clash Britain, New Zealand and other economies. George Soros became between community and business western economies. famous for bringing Indonesia and objectives. the bank of England into serious The ideology was based around the monetary disadvantage and losses. premise that governments should not Consequences - snapshot own and manage businesses, rather Small economies, such as New the private sector would achieve Zealand, have provided easy feeding more efficiency and effectiveness, ground for these financial sharks, US. The world’s most powerful thereby benefiting the people. and as with the California electricity economic nation since the second users, society have paid the cost with world war, has in recent times taken In part this was true, particularly artificial interest rates and exchange a shift in environmental policies, that where it applied to ancillary rates, distorting the economy and have aligned the government to the businesses, that were not essential international trade. us. model in developing policies. utilities underpinning the structure and fabric of society. As the Basle-based bank of For example, since taking office on international settlements argued in its 9 January 2001, the administration An example of the clash is the annual report this year has dismantled the nation’s reform of the US Energy markets environmental laws, delivering the from the 1980’s, which followed the “Globalisation has changed the government departments and market model. However when the workings of economics in ways that agencies responsible for delivering converts of the US business model may force central banks to overhaul the nation’s air, water and public became involved, the consequences their strategies radically, and to seek lands, into the hands of anti- were scandalous. “FORCES, CONSEQUENCES AND THE FUTURE” regulatory zealots, many of whom differing cultures and political years, only bought down by came from the same polluting systems, at the economic level there napoleon’s conquest in 1797. industries they are charged with is only one big civilisation, feeding on regulating. the whole planet’s natural capital. Perhaps future direction of government and business is to The us model favours old If civilisation is to survive, it must challenge the self-interest models, technology which is mainly based on live on the interest, not the capital, of and work together in achieving long the use of fossil fuels. It is more nature. term sustainability of our environment profitable to burn coal, than rely on and our societies. other energy alternatives that are not If we read the flight recorders in the destructive to the environment. wreckage of crashed civilisations, our Certainly one must question the present behaviour is typical of failed idea that the world must be run by As India, and in particular china, societies at the zenith of their greed stock markets for shareholder value with it’s huge open cast mines, follow and arrogance.” alone, which is as mad of a theory as the cheap and profitable route to any other fundamentalist delusion or short term growth the consequences Is civilisation going to tread the path ideology. are dire. epitomised by the Easter Islands? Once a bountiful place - forests, birds We are now in “the age of and abundance. consequences” and it is essential To summarise perhaps as to where that all society understands and we are:- Settled during the 5th century ad, faces this reality. the settlers multiplied over six We are stuck in a dominant world centuries to ten thousand people. To conclude I return to where I based on the industrial age that is The clans each honoured their started, Gauguin’s vast painting and diametrically opposed to where we ancestry with impressive stone his view of the future. have evolved to be successful. images. Each generation of images grew bigger than the last, demanding Gauguin’s painting is a panorama The influences of the new business more timber and rope for hauling to of enigmatic figures amid scenery paradigm in western economies has the altars. Trees were cut faster than that might be the groves of Tahiti or spread fast, and with enhanced they could grow, until at last the an unruly garden of Eden, communication and technology, the woods had been utterly destroyed, worshippers of gods, cats, birds, a effect on societies is material. and today the islands are desolate resting goat, a great idol with a and bare except for their wind-swept serene expression and uplifted hands The effect on behaviours is god-like images. seeming to point to a central figure – however more serious, the Enron, Eve – the mother of mankind and world com, Fannie Mae and other The people had been seduced by a goddess of the future, who is not scandals of unethical and arrogant kind of progress that becomes a shown as a voluptuous innocent like cultures of profit manipulation, mania. other women in Gauguin’s work, but perhaps pale in comparison with the a withered hag with a piercing eye global consequences as businesses In their epilogue to their book inspired by a Peruvian mummy. and governments grapple with the Easter Island in 1992, the new forces. archaeologists Bohn and Flenley are explicit “the islanders”, they write – “carried out for us the experiment of We now have Gauguin’s last permitting unrestricted population question:- growth, proliferate use of reserves, destruction of the environment and “Where are we going?” boundless confidence in their religion to take care of the future.” What are the consequences of the forces that are currently dominating The result was an ecological behaviour? disaster leading to a population Sir John Anderson, shown here, crash…..do we have to repeat the has been and still remains a leading Perhaps the most severe experiment on a grand scale? figure in the NZ business scene. consequence is facing us. Is the human personality always the Overall, Sir John’s career and Ronald Wright, in his Canadian same as that of the person who felled outstanding contributions in many series of lectures in Canada, had this the last tree? fields - business, sport, environment view:- and community - equips him with What are the alternatives? There unique perspectives as a guest “what we cannot overlook is that we are many examples of government speaker and his achievements as an are part of a world civilisation where, and society working together. outstanding leader were recognised over the past 30 years there has Perhaps one of the finest is the last year when he was the inaugural been a massive onslaught of example of Venice, where the ruling recipient of the Blake Medal, progress and destruction. doge’s and the merchants created a regarded as the ultimate award for While in the world we still have trading empire that lasted a thousand leadership in New Zealand.