Gee as a shareholder I feel its too much mind you I would say that not being a National voter!
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I don't think any company or union should make a donation to a political party. I would not have voted for it to be made and would have liked my share of it to be added to my dividend instead.
Perhaps there should be a system of public funding for political parties?
No - not ok (if its true)
Complete waste of shareholders money and a bad practice (even worse if felt they needed to bribe a government)
Shareholders can decide as individuals if they want to make political donations - not seeing Heartland deciding for them.
Disappointed in Heartland if they are making political donations - to me devalues t good work they do for the community (even if part of the advertising / marketing budget)
Is it because of the Heartland farming association and Nats having traditionally supported that sector?
I wonder if , shareholders who respect and admire the directors and management - presumably this includes most of them - should just have faith that this is a good decision and money well spent , despite the opaqueness of its cost/benefit analysis.
Have there been any political decisions recently affecting HBL?
But yeh not that keen on political donations myself
Interesting from Heartland Code of Conduct -
Heartland's employees will not, without the prior written permission of Heartland, support a political party other than in a personal capacity
Don't know what it means but interesting.
I do note that the good work that Heartland do for the community is channeled through the Heartland Trust that owns 6 million odd Heartland shares (probably a carry over from their building society days?)
All that seems transparent
But Heartland Bank making political donations - that's anther story
If the directors feel so passionately about donating to a political party they should dig into their own pockets. Oh wait, much easier to dig into someone else's pocket.