Friday, June 22, 2007

UNISON conference – Trade Unionists are the “New Capitalists”?


Third day (Thursday) of UNISON National Delegate Conference. In the morning there was a row over the Standing Orders Committee report which led to a temporary suspension of business.

Then there was a briefing session on “Equal Pay” led by General Secretary Dave Prentis. Obviously equal pay is a key issue not least because trade unions, full time officers and even their branch activists have had legal action taken against them for allegedly failing to represent their members properly over equal pay agreements. I have heard that bailiffs have been knocking on the doors of branch secretaries at 6AM in order to serve summons on them personally. It was made clear that UNISON would back any branch officers under such an attack. We heard that “no win no fee” solicitors are evening encouraging people to join unions so they can sue them! I didn’t hear any mention of this wheeze the earlier debates on encouraging recruitment. Must remember to give that one a miss.

Baroness Howells gave a sobering and very dignified speech on the Bicentenary of the transatlantic slave trade.

Good debate on fighting the BNP. GLA delegate Alan Freeman made an excellent contribution, ending with something on the lines of “some people may not vote Labour because they can’t forgive Blair, but if they don’t vote Labour and let in the BNP they will never be able to forgive themselves”. This went down very well.

Ironically this debate was followed later that day by a UNISON rule change amendment during which a delegate referred to black people as “coloured” which quite rightly upset many people.

In another rule Change debate a proposal to “bash the NEC” and restrict their right to propose motions was knocked back.

After conference there was an official fringe event “Are we the “New Capitalists?” which I chaired with speakers David Pitt-Watson (see photo right - joint author of “The New Capitalists”, Chief Executive on Hermes, the in-house fund managers for BT and Post office, former assistant director of the Labour Party). Mo Baines, UNISON rep on the Greater Manchester LGPS scheme had to pull out, so National Officer Colin Meech stepped in. There were about 30 people present, mostly UNISON pension trustees or member reps on the Local Government Pension Scheme. I’ll try and write something up properly later about the fringe, but David’s precise and analytical arguments about workers capital and citizen investment were I think pretty convincing.

This is the Synopsis from Amazon about the book (£18.04 including postage.

“Thanks to the rise of mutual funds and retirement plans, the actual owners of the world's corporate giants are no longer a few wealthy families. Rather, they're the huge majority of working people who have their pensions and life savings invested in shares of today's largest companies. These grassroots owners have ideas about value that differ from those of tycoons or Wall Street traders. And corporate directors and executives are coming under increasing pressure to respond. The New Capitalists provides examples - from GE to Disney to British Petroleum - of enterprises whose shareholders have recently wielded their control in ways unimaginable just several years ago. Authors Stephen Davis, Jon Lukomnik and David Pitt-Watson describe how civil ownership will profoundly alter our world - including forcing the rise of a new species of corporation. It has already begun demolishing old rules and habits, laying the groundwork for a new "constitution of commerce." The authors spell out conventional thinking destined for extinction - and fresh strategies companies must implement to survive in the emerging "civil economy." They also outline how investors, advisors, activists, and policy makers can make their voices heard”.

A delegate remarked afterwards that usually fringe events are “for the converted” yet this event was a genuine attempt to discuss and debate new and radically different arguments.

Went for meal afterwards at the Regency Restaurant on the seafront near the Holiday Inn Hotel. A fantastic good value traditional fish restaurant. Recommend it, most of the restaurants around the conference centre are pretty poor (loads of visitors - no repeat business?).
Ended up at the traditional end of conference bash laid on by the Scottish region in the Metropole Hotel (also the joint Southern regions were having a function). The hotel was packed. See picture of me drinking with some members of the “1st Health Brigade” (led by Che Guevara look alike, Commander Mickey Crouch) and London Region Young members Convener, Sarah Lewis (sitting).

5 comments:

Anonymous said...

Shame about the only woman dropping out and being replaced by a man! Strikes me that if we are buying in to capital etc we should be using it to ensure ethical and environmental issues are picked up asap-yes? Otherwise we may well not -as a species -still be around in 2 centuries.

Anonymous said...

1st health brigade - saw the shirts and wondered what it was all about. Hope those shirts are not produced in sweat shops!

John Gray said...

Hi anon mousers - Yep, good point, such issues are really important. UNISON is leading the pack on this.

I'm sure that the Brigade quartermaster has taken care to ensure that there are ethically sourced.

Anonymous said...

Well, it may be an analysis of "New Capitalism", but more relevant and interesting would be the implications for us: particularly in the context such as Equitable Life collapsing, or the fact that most building societies are demutualising.

John Gray said...

Hi Anon

By co-incidence last night I posted my talk to a local Labour Party branch about New Capitalism. In which I support the call for trade union or citizen representatives to sit on the boards of large life assurance companies in a similar way as member nominated pension trustees.

Ironically, I lost money because Equitable Life was the AVC for the local government pension scheme. The LGPS of course failed to monitor or supervise equitable life.

Not sure what to do about mutual building societies. The boards are often “rigged” with management appointees – so the governance stinks. However, when you get genuine member nominees elected they have in many cases supported demutualising.