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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Future Fund follies expose fiscal failures

Posted on 15 March 2012

The well-connected and highly capable businessman David Gonski is a good choice to chair the Future Fund. But the ham-fisted process by which he was selected doesn’t paint a particularly flattering picture of the Gillard government’s business acumen.
Part of the problem is that the 2006 legislation setting up the fund doesn’t specify the process by which the chairman and other trustees are appointed, making succession planning more difficult. Yet the bigger issue is the way in which Labor has bungled the appointment process for the $73 billion fund………………………………………..Full Article: Source

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