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Old 11th May 2009, 11:55
  #67 (permalink)  
Ken Borough
 
Join Date: Aug 2007
Location: All over the Planet
Posts: 870
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Max 1, if the Board and/or Chairman has any sense of complying with its own fiats, then some really hard questions should be asked about Jetstar's wanton and deliberate infringment of the curfew. Here's some more sober reading from Qantas website about Corporate Governance etc.

Be warned - look at how some Qantas Freight people were hung out to dry by their senior management. Indeed, one poor employee is doing time at the pleasure of Uncle Sam and if price fixing/collusion were a crime in Australia, several others would be cracking rocks by now. Bear in mind that those at the top were granted indemnities.

Performance of Duties by Qantas Employees

2.1 Qantas, its subsidiaries and associated entities (Qantas Group),
Directors, employees, consultants and all other people when they
directly or indirectly represent the Qantas Group must comply, at all
times, with all laws governing its Australian and international
operations. They must also conduct the Qantas Group’s operations
in keeping with the highest legal, moral and ethical standards.

2.2 All Directors and employees of Qantas, its subsidiaries and
associated entities (Qantas Employees) must conduct the business
of the Qantas Group with the highest level of ethics and integrity.
This obligation applies particularly to dealings with shareholders,
customers, suppliers, competitors, governments, regulators, other
Qantas Employees and all others stakeholders.

2.3 Qantas Employees must, at all times, act:

i. ethically, honestly, responsibly and diligently;
ii. in full compliance with the letter and spirit of the law and this
Code; and
iii. in the best interest of the Qantas Group.

Breach of the Code

2.4 Any breach of applicable laws, prevailing business ethics or other aspects of this Code will result in disciplinary action. Such
disciplinary action may include (depending on the severity of the
breach) reprimand, formal warning, demotion or termination of
employment.

2.5 Similar disciplinary action will be taken against any supervisor or manager who directly approves (and/or condones) such breach or has knowledge of the breach and does not immediately take
appropriate remedial action.

2.6 Breach of applicable laws or regulations may also result in
prosecution by appropriate authorities. Qantas will not pay, directly
or indirectly, any penalties imposed on a Qantas Employee as a
result of a breach of law or regulation. Qantas will also not pay the
legal costs of a Qantas Employee convicted of breaching such law
or regulation.
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