Boards of ASX-listed companies should examine the multiple governance and operational failures inside the ASX relating to the $250 million CHESS software project.
It would be an understatement to say that former ASX chief executive Dominic Stevens handed his successor Helen Lofthouse a dog’s breakfast when he suddenly took leave of the ASX this year.
Instead of fronting up to the manifest problems caused by the poor design and management of the $250 million CHESS clearing and settlement replacement project, he handed it over to Lofthouse.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
