Treasurer Jim Chalmers has been accused by his political rival of interfering in private markets by directing the $230 billion Future Fund to consider the government’s national priorities when it votes at company shareholder meetings.
The Australian Financial Review revealed on Friday the sovereign wealth fund could use its voting power on executive remuneration, director appointments and company climate reports to influence private sector activities in line with the government’s priorities.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
