Unite reaction to Walker Report
26 November 2009
Rob MacGregor, Unite national officer said: “Unite views the
Walker proposals as a step in the right direction, but there is
still a long way to go before we see the changes in culture and
behaviour required in the boardroom of the banks. Simply tinkering
on the edges of this industry is totally futile.
“Without radical change we risk seeing a repeat of the chronic
mis-management, recklessness and greed which has dominated the
banking industry for far too long, and almost brought the country
to collapse.
“Staff who work on the front line of the finance industry are
calling for the broadening out of corporate governance, to include
executives and directors who represent the public interest and
employees. Changes to opaque practices in the finance industry are
overdue, the sector must be brought into the open to become
accountable to all in society.”
- Ends
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For more information contact: Saba Mozakka, Unite press office
on: 07768 693 953.
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