Breakfast: Peter Hunt - Privatising Royal Mail – Lessons for Australia Post?
Wednesday, 12 March 2014 from 7:30 AM to 9:00 AM (AEDT)
San Francisco, California, USA
London, United Kingdom
Business Breakfast: Privatising Royal Mail – Lessons for Australia Post? with Peter Hunt, CEO, Mutuo
Proposals to privatise large government owned entities, not unreasonably, can spark community concern. How to protect the public interest and employees? How to safeguard public assets? How to maintain and improve service delivery?
The sale of Royal Mail in the UK is a recent case study that sheds light on the pitfalls and the opportunities of government sell-offs. At this business breakfast, leading mutualism expert Peter Hunt, will provide a reality check for any future sale of Australia Post, through the lens of the UK experience which has included the proposal to split the business and convert the loss-making Post Office into a mutual.
"The Post Office is in the process of converting into a mutual organisation, held by its stakeholders in the public interest. As a £1bn turnover business, this will represent the largest single mutualisation of a public sector operation. Careful work has taken place over the last two years to refocus the business away from the government as its sole shareholder towards a combination of its customers, communities, postmasters and staff. In many ways the approach adopted by Post Office management is an excellent example of how to create and retain trust in a large business that is undergoing huge change. This has been an inclusive process with all stakeholders represented and consulted, including trade unions who have played an important role in helping to craft the new mutual's statement of purpose."
- Peter Hunt
Link Market Services has kindly donated their Boardroom for this event.
About the speaker
Peter Hunt, CEO Mutuo UK
Peter founded Mutuo in 2001 as the first cross mutual sector body to promote mutual business to opinion formers and decision makers.
He was a co-founder and secretary of Supporters Direct, the football supporters’ initiative, which has gone on to establish over 100 supporters’ trusts at professional football clubs.
He led the Parliamentary teams which piloted four private members bills through the UK Parliament, working with all parties to update co-operative & mutual law and encouraging employee ownership.
He led the Mutuo teams in major constitutional and governance reviews by the Co-operative Group and Nominet. He is a founder member of the management board of the Oxford Centre for Mutual and Employee-owned business, based at Kellogg College, Oxford University.
Since 2004, he has worked closely on a number of public sector structural reforms, including NHS Foundation Trusts, advising both Government and Trust Boards on the adoption of new membership structures. In 2011, he advised the Coalition Government on its plans to mutualise Post Office Ltd and in 2012 published the report of the Ownership Commission, a two year study into corporate diversity.
In 2013 Peter was appointed by Shadow Chancellor Ed Balls to lead a policy review for UK Labour on increasing the role of mutuals in the financial sector and wider economy.
When & Where
Business Council of Co-operatives and Mutuals, Employee Ownership Australia and New Zealand
Business Council of Co-operatives and Mutuals
The Business Council of Co-operatives and Mutuals (BCCM) represents the interests of member-benefit and customer-owned businesses and the co-operative and mutual models of enterprise. It is the only organisation that unites the entire, diverse range of member-owned businesses in Australia.
Employee Ownership Australia and New Zealand
The EOA was formed to ensure there is a voice for broad based employee ownership and dynamic workplace participation in Australian and New Zealand companies. It assists members with employee ownership (or co-ownership) plans, employee engagement and employee participation levels and advocates for greater employee share ownership in the Australian economy.