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Chapter 15 - Just do it! |
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New Zealand communities have owned "trustee" savings banks, with their profits distributed to the communities they serve. But when the Government opened up New Zealand banking to international competition in the 1980s, the trustees of the Auckland Savings Bank made a bold decision: they sold 75 percent of their bank to the Commonwealth Bank of Australia. They put the $NZ350 million proceeds into the ASB Charitable Trust, and invested them around the world. It is now by far New Zealand's biggest trust, disbursing millions of dollars a year for major educational, cultural and charitable projects.* The international conference model The "learning organization"
model * A donation of $NZ2-million from the ASB Charitable Trust in 1990 enabled co-author Dryden and Lesley Max to form the Pacific Foundation. It paid for most of the "Where To Now?" television series and a range of New Zealand parent-education programs, including a pilot project for combining parenting education with a preschool and health center.
Contents Page Preface Introduction
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