Rio Tinto tilt, Macquarie and Labor finances


February 2, 2010

Dear Mayne Report subscribers,

this is just a quick email to advise that this new video has gone up explaining a forthcoming Rio Tinto board tilt at the AGM in Brisbane on April 28. The flights are already booked and I'll be banging the drum about engaging with BHP and getting more than three Australians on the Rio board.

If you're up early on Saturday morning, I'll be talking to Geraldine Doogue at 7.50am on Radio National about the handover of power from Allan Moss to Nicholas Moore at Macquarie Bank this week.

After that, it's down to GTV 9 in Richmond for a one hour session on Business View - the Sky Business program hosted by Helen Dalley which reviews the week in news between 9-10am.

I've also written an opinion piece for The Sunday Age which includes the following quite remarkable facts:

* The Queensland Labor Party has a $10 million Commsec margin loan, plus an $18 million shareholding in Suncorp.

* The ALP and its affiliated unions have net assets approaching $1 billion.

The latter claim is guess work and just highlights the need for better disclosure laws relating to campaign finance. If we can't get greater transparency and disclosure at the very top, what hope is there for the rest of us?

The next full edition will out on Monday.

Do ya best, Stephen Mayne

* The Mayne Report is a multi-media governance website published by Stephen Mayne with occasional email editions. To unsubscribe from the emails click here.