'CEPU Takes on Telstra Board'

Date: 15 October 2002

CEPU-Victorian State Secretary (Communications) is calling on all union members who hold shares in Telstra to vote for change in the upcoming elections for the Telstra board.

The Victorian Secretary of the Communications Union (CEPU) Len Cooper will once again be running against the federal government's candidates for the board of Telstra. He has the backing of Telstra employee shareholders, and in previous years his votes from the "mum and dad" shareholders and even institutions has been growing steadily. This year should be no exception.
The issues are stark

·not enough investment to improve and retain service standards
·destructive job cuts, now 45,000 since June 1996
·corporate governence standards
·board support for the complete privatisation of Telstra, despite overwhelming public and shareholder opposition.
·industrial relations driven by ideology not commercial good sense.

'We are out to highlight these issues to the Telstra board, and the general public, and to demonstrate the lack of confidence in the board amongst the shareholders' say's Len Cooper.
We are actively calling for the proxy votes of shareholders who cannot attend the Telstra Annual General meeting on the 15th November 2002. Already the campaign amongst Telstra employee shareholders is well developed and is extending to institutions and non- employee shareholders from today

For comments please contact that Cooper on mobile: 0438 389 302.

15 October 2002

For further information

Contact:	Len Cooper
Union:	CEPU Victorian branch
Phone:	03 9387 3703
Contact Mobile:	0438 389302
Email:	lencoop@au.gateway.net
WWW:	http://www.cepu.asn.au

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