Why it matters: Richard Goyder’s position could be tenuous if investors revolt
Major superannuation funds indicate they want more accountability from the board
Regulatory concerns and customer dissatisfaction has been growing this year
Qantas’ largest superannuation investors are demanding “clear accountability” from the airline’s board after it chose to reduce its former chief executive Alan Joyce’s annual pay by just $500,000 despite the company facing significant customer and regulatory acrimony.
The Australian Council of Superannuation Investors, which represents major pension funds, said the issues that angered customers were far-ranging and had yet to be fully addressed by the board and management.
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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
