Mar 26, 2014

Sinodinos the chairman: what he really should have known

Australian Water Holdings was a small enough entity for its former chairman, stood-aside government minister Arthur Sinodinos, to know what was going on. So why didn't he?

Paddy Manning

Crikey business editor

In 2008, Australian Water Holdings was a small company with some 10 employees, three shareholders and a single customer, Sydney Water.

Not really a lot to know if you are the company’s chairman. Except for the things that Arthur Sinodinos — former chief of staff to a prime minister, Liberal Party luminary, political rainmaker, Senator, all-round nice guy and deputy chairman, then chairman of the board of Australian Water Holdings between 2008 and 2011 — didn’t know about AWH.

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20 thoughts on “Sinodinos the chairman: what he really should have known

  1. Grumpy Old Sod

    One would hope that ASIC has a good look at this as the duty of care seems to be lost in the money.

  2. klewso

    “Don’t ask – won’t tell”?

  3. klewso

    Can’t wait for the Teletrash to put him on the front page :- “I No Nuthink!”?

  4. klewso

    The really “curious” things in all this, was, first, the party found him a soft landing pad in the senate, and then Abbott gave a bloke like this, with his history, oversight of Fofa?

  5. Pedantic, Balwyn

    No doubt Mr Sinodinos has Directors Insurance, so the whole debacle won’t cost him a penny!

    It might however cost him his reputation, at least in the short term, until Abbott brings him in from the cold.

    After all if Fiona Nash can get away with lying to Parliament, actions outside Parliament are only minor problems and subject to rapid restitution of former roles.

  6. drmick

    It is a comedy. Brandis is Dr Evil and this mongo is mini me. Pyne is the hairless cat.

  7. Kevin Herbert

    Based on the ICAC revelations of the past few days, Arthur’s political dead meat before he says a word.

    And to think he was a highly valued Howard strategist…says a lot really.

    Bye bye Arthur…you won’t be missed

  8. MJPC

    Tony may not be able to bring him in if ICAC have him in their sights. Whilst Arty is only attending to give evidence I daresay ICAC will tie him in with the whole sorry crew of Obeid/Tripodi/McDonald (et al) on the Labour side and Arty, Harcher and others on the Lib side.
    The evidence is not looking good for any of them, contrary to their please of ignorance so, if the mud sticks the DPP will build the case against them all, and they will have no political allies to call upon. O’Farrell has just canned all the CSG contracts for the next 6 months, sounds like the gate closing after the horse. With an election next year he doesn’t want any more skeletons falling out over shady deals with miners.

  9. klewso

    He still knows where those skeletons are buried.

  10. The Old Bill

    All a storm in a teacup. If the chairman of QANTAS can legally watch whats happening to their cash reserves and business, why can’t Arthur be excused in this case?
    After all, the others were Labor politicians and had Middle Eastern names so he wouldn’t have understood them, being Aussie and all.

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