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BCA 2012 Annual Review: One Country. Many Voices

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BCA 2012 Annual Review: One Country. Many Voices ONE COUNTRY. MANY VOICES. ANNUAL REVIEW 2012 04 OUR MEMBERS 26 OUR ACHIEVEMENTS 08 PRESIDENT’S MESSAGE 28 ONE COUNTRY, MANY VOICES 11 CHIEF EXECUTIVE’S MESSAGE 30 PUBLICATIONS 14 ABOUT US 15 OUR VISION, GOAL AND VALUES 16 HOW WE WORK Cover: Yuyuya Nampitjinpa, 18 OUR STRUCTURE Women’s Ceremony, 2011 © 2012 Yuyuya Nampitjinpa licensed 24 OUR WORK PROGRAM by Aboriginal Artists Agency Limited ONE COUNTRY. MANY VOICES. The Business Council of Australia (BCA) has been talking with people and organisations from different parts of the community. The intention, on all sides, has been simple: to fi nd common ground on goals for achieving national wealth for Australia. Not the fi nancial wealth of a few, but enduring prosperity for all. This means rewarding jobs, a better health and aged care system, world’s best education and training, and quality infrastructure to meet our needs into the future. Choices and opportunities that don’t leave groups of Australians behind. The BCA’s vision is for Australia to be the best place in the world to live, learn, work and do business. Our members bring their collective experience in planning, innovating, leading and inspiring. Working with others to develop interconnected policy responses, we can transcend limited short-term thinking to envision a future we would wish for the generations to follow. It’s time to show that together we’re up for the tough conversations, the planning and the collaboration needed to secure our nation’s enduring prosperity. 3 Our members BCA membership details throughout this review are valid as at 1 October 2012. Mark Adamson Scott Charlton Fletcher Building Limited Transurban Group Daisaburo Akita Mark Chellew Mitsui & Co. (Australia) Ltd Adelaide Brighton Ltd David Attenborough Anthony Claridge Tabcorp Holdings Limited ResMed Limited Ross Barker David Clarke Australian Foundation Investec Bank (Australia) Limited Investment Company Cameron Clyne Andrew Barkla National Australia Bank Limited SAP Australia and New Zealand Peter Coleman Gavin Bell Woodside Energy Limited Herbert Smith Freehills Tony Concannon John Bevan GDF SUEZ Energy Australia Alumina Limited Alan Cransberg John Borghetti Alcoa of Australia Virgin Australia J. Todd Creeger Graham Bradley AM ConocoPhillips Australia Honorary Member, David Crow Business Council of Australia British American Tobacco Australasia Terry Burgess Peter Crowley OZ Minerals GWA Group Limited Michael Cameron John Dashwood The GPT Group ExxonMobil Australia Pty Ltd John Carrington John W.H. Denton Ashurst Australia Corrs Chambers Westgarth Michael Chaney AO Mike Devereux Honorary Member, GM Holden Ltd Business Council of Australia BUSINESS COUNCIL OF AUSTRALIA 4 ANNUAL REVIEW 2012: ONE COUNTRY. MANY VOICES. Craig Drummond Mike Hirst Bank of America Merrill Lynch Bendigo and Adelaide Bank Group Greg Ellis Lance Hockridge REA Group QR National Limited Ahmed Fahour Dean Holden Australia Post Bupa James Fazzino Rod Jones Incitec Pivot Limited Navitas Limited Grant Fenn Alan Joyce Downer EDI Limited Qantas Airways Limited Michael Fraser Gail Kelly AGL Energy Limited Westpac Group Richard Freudenstein Grant King FOXTEL Management Pty Limited Origin Energy Limited Elmer Funke Kupper Marius Kloppers Australian Securities Exchange BHP Billiton Greig Gailey David Knox Honorary Member, Santos Limited Business Council of Australia Roy Krzywosinski Kevin Gluskie Chevron Australia Hanson Australia Katie Lahey Tom Gorman Honorary Member, Brambles Limited Business Council of Australia Richard Goyder Gavin Larkings Wesfarmers Limited CSC Australia Pty Ltd Matthew Grounds Richard Leupen UBS Australasia UGL Limited Steve Harker Graeme Liebelt Morgan Stanley Australia Limited Honorary Member, Business Council of Australia OUR MEMBERS 5 Geoff Lloyd Hugh Morgan AC Perpetual Limited Honorary Member, Business Council of Australia Ross Love The Boston Consulting Group John Mullen Asciano Limited Steve McCann Lend Lease Ian Narev Commonwealth Bank of Australia Mick McCormack APA Group Peter Nash KPMG Darryl D. McDonough Clayton Utz Catriona Noble McDonald’s Australia John Macfarlane Deutsche Bank AG Grant O’Brien Woolworths Limited Ken MacKenzie Amcor Limited Seán O’Halloran Alcatel-Lucent Australia Rob McLeod Ernst & Young Paul O’Malley BlueScope Steel Limited Mick McMahon SKILLED Group Limited Tony O’Malley King & Wood Mallesons Didier Mahout BNP Paribas John O’Sullivan Credit Suisse (Australia) Limited Paulo Maia HSBC Bank Australia Limited Lindsay Partridge AM Brickworks Limited Pip Marlow Microsoft Australia David Peever Rio Tinto Australia Kerrie Mather Sydney Airport Jack Percy Accenture Australia Rohan Mead Australian Unity Ann Pickard Shell Australia Limited Andrew Michelmore MMG Limited Geoff Plummer Arrium Limited Robert Millner Washington H. Soul Pattinson Neville Power and Company Limited Fortescue Metals Group Limited Nicholas Moore Anthony Pratt Macquarie Group Limited Visy BUSINESS COUNCIL OF AUSTRALIA 6 ANNUAL REVIEW 2012: ONE COUNTRY. MANY VOICES. Rob Priestley Michael Smith OBE J.P. Morgan Australia and New Zealand ANZ Matthew Quinn Patrick Snowball Stockland Suncorp Group Douglas J. Rathbone AM Andrew Stevens Nufarm Limited IBM Australia and New Zealand Andrew Reitzer Chris Sutherland Metcash Limited Programmed Michael Rennie Giam Swiegers McKinsey & Company Deloitte Santo Rizzuto Catherine Tanna Sinclair Knight Merz BG Group Chris Roberts Guy Templeton Cochlear Limited Parsons Brinckerhoff Stephen Roberts David Thodey Citi Australia and New Zealand Telstra Corporation Limited Michael Rose Ian Thomas Allens Boeing Australia and South Pacifi c Simon Rothery Paul Thorley Goldman Sachs Australia Capgemini Australia and New Zealand Steve Sargent Hamish Tyrwhitt GE Australia and New Zealand Leighton Holdings Limited Charlie Sartain Paul Waterman Xstrata Copper BP Australasia George Savvides John Weber Medibank Private Limited Minter Ellison Luke Sayers Ian White PwC Australia Oracle Corporation Australia Pty Limited John Schubert AO Michael Wilkins Honorary Member, Insurance Australia Group Business Council of Australia Kim Williams AM Julian Segal News Limited Caltex Australia Limited David Yuile Tony Shepherd AO AAPT Limited President, Business Council of Australia David Zehner Ian Smith Bain & Company Orica Limited OUR MEMBERS 7 President’s message Members of the Business Council of Australia are very conscious of their responsibility in providing a clear, reasoned perspective on the road ahead for the Australian economy. TONY SHEPHERD AO PRESIDENT 8 TONY SHEPHERD AO PRESIDENT Our CEOs come from different industry sectors, offering the organisation a remarkably broad overview of economic circumstances. As I talk to each of our members, the underlying message is one of concern. Concern about productivity and costs. Concern about the global fi nancial environment and concern about government policies and regulation as they impact on business and investment. Our voice is a synthesis of many voices, all of them informed by everyday experience as employers, planners, wealth creators and members of the broader Australian community. As a highly visible, highly accountable business Volatile commodity prices make it plain that group, we recognise that we are one of many the days of allowing our high terms of trade voices speaking up for Australia’s long-term to mask weaknesses are over. The capital prosperity. We do not have a monopoly on investment pipeline on which our economy national concern and ambition and can only is heavily reliant is far from assured. succeed in achieving our goals by working Our costs are high, productivity is a problem with others, informing and persuading people and if we don’t work to turn these things around, with rigorous research, balanced argument they will further undermine our international and through the values and actions of individual competitiveness and living standards. CEO members and their companies. If we don’t address the fi scal sustainability of It is important as business leaders that we governments across the federation, we simply take a broad, non-sectoral view of the issues won’t be able to afford the level and quality facing business. It is important also that we of services we would wish for our diverse do not forget those who are being left behind population. We are seeing already the impact in the development and growth of our country. of fi scal pressure on the capacity of the states When we point to concerns about the to deliver public services. Australian economy, we have no interest in No doubt, Australia’s economic fundamentals scaremongering. It’s about squaring up to the are strong but there are worrying signs emerging, facts so we can do something about them. PRESIDENT’S MESSAGE 9 and papering over them is no way to restore Australians expect nothing less than our business or community confi dence. The honesty and our ambition for Australia. confi dence we need to embrace a new digital They would not thank us in 10 years time economy that will transform every aspect for staying silent as problems appeared of our lives. The confi dence we need to and opportunities passed us by. capitalise on the Asian growth opportunity. All the while we will hold our elected In the coming year, the BCA will focus heavily representatives, whether federal or state, on innovation, which we see as a key driver of to account. We have to work just as hard to productivity and of wealth creation. Our activities change the perception of corporate Australia and the work of our committees will have a – by promoting
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