Why it matters: ACSI super fund members have assets of $1 trillion and include Australian Super, the third-largest shareholder in Endeavour.
ACSI recommends a vote against the re-election of pubs billionaire Bruce Mathieson’s son.
It also recommends a vote against the move to have ex-Woolworths executive Bill Wavish elected.
Pubs billionaire Bruce Mathieson’s campaign for a shake-up of the Endeavour Group board has suffered another blow.
The Australian Council of Superannuation Investors, which represents super funds with $1 trillion in assets, is recommending shareholders in Endeavour vote against the re-election of his son, Bruce Mathieson jnr.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
