WALKLEY BUSINESS JOURNALISM AWARD FINALISTS ANNOUNCED

The three finalists in the prestigious Business category of the Walkley Awards for Excellence in Journalism were announced today at a lunch hosted by ING Direct in Sydney.

The Walkley Business Journalism Award finalists for 2014 are:

Nabila Ahmed, Sue Mitchell and James Chessell, The Australian Financial Review,

“Myer, DJs merger proposed just before directors’ trade”, “DJs chairman must step down”, “Mason to purge DJs board

Breaking the news that two of Australia’s most iconic companies had engaged in merger talks was a classic scoop. In their reporting, however, The AFR team also uncovered serious issues of corporate governance that led to the resignation of the chairman and two directors of David Jones.

Adele Ferguson and Ben Butler, Fairfax Media,

Macquarie Group financial planning scandal”, “Macquarie’s bombshell a call to arms”, “Cheating rife in financial planning

The Macquarie Group financial scandal revealed how tens of thousands of Australians were deliberately misclassified as “sophisticated” investors, leaving them exposed to high-risk, high-fee Macquarie products. Ferguson and Butler found sources and trawled through court records and documents to expose not only a rotten corporate culture but also the financial havoc inflicted on many customers.

Adele Ferguson, Deb Masters and Mario Christodoulou, Four Corners ABC TV and Fairfax Media,

“Banking Bad”, “Rollo Sherriff and Meridien Wealth”, “Misconduct claims widen in CBA’s planning scandal

The Commonwealth Bank financial planning scandal destroyed the life savings of some of the country’s most vulnerable people. The joint Four Corners/Fairfax Media investigation forced the bank to apologise and announce an open-ended compensation scheme. It also triggered an overhaul of the corporate regulator and wholesale changes to the financial planning industry. A royal commission was called citing their revelations.

The winners of the 59th Walkley Awards will be announced at a gala dinner on Thursday, December 4, at Dockside Pavilion, Darling Harbour, in Sydney. The ceremony will be streamed live on ABC iview nationally the same evening.

For media enquiries: Walkley Foundation awards manager Lauren Dixon on (02) 9333 0913, 0413 212 890 or lauren.dixon@walkleys.com

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