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UF backs investment banker on SOE's
Tuesday, 20 February 2007
UF backs investment banker on SOE's
United Future SOE spokesperson Gordon Copeland has warmly welcomed today's statements from investment banker and former Treasury official Rob Cameron that State-Owned Enterprises should be partially privatised.
"United Future, unblinkered as it is by rigid ideology, has long advocated that the resources of the State be better freed up for the benefit of ordinary New Zealanders," he says.
"A 40% sharemarket listing of SOE's like the big power generators or TVNZ would open up the boards of those companies to better performance, allow ordinary New Zealanders to invest in successful companies (thus giving meat to the government's oft-repeated reference to building an 'ownership society'), and let the taxpayer retain voting control of their own assets.
"Through the Stock Exchange listing, the companies would get access to more capital for development and progress, further benefiting the taxpayer.
"This is a win-win suggestion that the Government should follow up on immediately," said Mr Copeland.
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