NewsBite

Lindsay Maxsted

November 2024

Prestige property agent Monika Tu.

Inside the Birdcage at Flemington’s Derby Day

With Tabcorp focusing on customers and Lexus on models, Crown’s marquee reigned supreme as the best people-spotting location of the day.

  • Myriam Robin, Zoe Samios and Patrick Durkin

October 2024

BHP chairman Ken MacKenzie in 2022. He is expected to announce his resignation next year.

Inside the contest to succeed Ken MacKenzie at the top of BHP

It has been one of the most coveted prizes in corporate life. The next chairman of the Big Australian will have profound influence on the entire market.

  • Patrick Durkin

July 2024

Westpac is trying to reduce head office numbers by 20 per cent on 2020 levels by this year.

Prudential watchdog halves $1b Westpac penalty

APRA will slash its $1 billion capital penalty levied on the bank four years after it was first implemented.

  • Lucas Baird

May 2024

The bank in 2020 admitted that it had failed to properly report 19.5 million international fund transfer instructions to the regulator on transactions totalling more than $11 billion.

Westpac sues insurers over $1.3b AUSTRAC penalty

AFR Weekend understands that the bank believes it is eligible to claim $400 million from its insurers over the AUSTRAC fine.

  • Lucas Baird

March 2024

KPMG boss Andrew Yates.

Untangling KPMG’s excruciating closeness to Westpac

Westpac is also KPMG’s banker, and a major consulting client of the big four firm. Auditors are meant to be independent, and so this just won’t do.

  • Myriam Robin
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October 2023

Steven Gregg will retire from his director role at up-start financial services player Challenger Limited and has announced plans to retire as chairman of the Lottery Corporation.

Steven Gregg to succeed Westpac chairman McFarlane

The chairman of Ampol will take the top board seat at Westpac from next month and will be leaving his post as chairman of Lottery Corp.

  • Lucas Baird

October 2022

Transurban chairman Lindsay Maxsted will retire at the company’s 2022 AGM.

Transurban likely to sidestep second strike at AGM

Transurban is likely to avoid a second strike against its pay report at its annual general meeting on Thursday after Australia’s biggest toll road group slashed executive bonuses and set tougher performance targets.

  • Jenny Wiggins

August 2022

Outgoing Transurban chairman Lindsay Maxsted.

Transurban bell tolls for Lindsay Maxsted

It’s been an interminable six years since Maxsted told Transurban’s 2016 annual meeting he’d look to step down before 2019.

  • Joe Aston
Woolies chairman Gordon Cairns says the first obligation of a board is the obligation to dissent.

Why these leadership duos outperformed

Changing of the chairs at the top of three top-performing companies is an opportunity to examine why some boards and CEOs work extremely well.

  • Tony Boyd
Former Medibank CEO Craig Drummond (right) will succeed Lindsay Maxsted (left) as Transurban chairman in October.

Transurban’s new chairman: ‘I take nothing for granted’

Future Transurban chairman Craig Drummond says he will be across the “detail” when he succeeds Lindsay Maxsted in October.

  • Updated
  • Jenny Wiggins

May 2022

Former Victorian premier Ted Baillieu.

Victorian Liberal elders find other causes to celebrate

As for the proper election night parties/wakes, well, they don’t bear thinking about. 

  • Myriam Robin

October 2021

Transurban chairman Lindsay Maxsted, left, has defended short-term bonuses paid to CEO Scott Charlton, right, and other executives.

Transurban hit with first strike on remuneration report

The chairman blamed proxy firms for a first strike against the tollroad group’s remuneration report, claiming the big short-term bonuses paid to executives during the pandemic were ‘fair’.

  • Updated
  • Jenny Wiggins

September 2021

Senior board members, l-r, Michael Chaney, Gordon Cairns, Catherine Livingstone, David Gonski, Jillian Broadbent and Lindsay Maxsted.

Six business leaders predict the future for boards

As part of our series celebrating BOSS turning 21, we asked six leading chairs about the future of boards.

  • Patrick Durkin

October 2020

NSW Premier Gladys Berejiklian. Her state's mounting coronavirus caseload will be watched with interest in both Queensland and Canberra.

The 'gold standard' temporarily loses its glitter

NSW's new coronavirus outbreak has diverted attention away from the southern capital. It will also have the Morrison government nervously watching on. Here's your Thursday briefing.

  • Kris Swales
Lindsay Maxsted says Transurban won't rush to sell equity stakes in its US toll roads.

Transurban steers for steadier ground

The toll road group insists its move to sell equity stakes in US toll roads isn't a sign of stress. But it does suggest a more cautious stance.  

  • James Thomson
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September 2020

Westpac's culture lesson: don't block bad news

Cultural failings that go to core competence – in Westpac's case providing financial services safely for legitimate customers and keeping the creeps and criminals on the outer – can be very damaging.

  • Ben Potter
Australian Transaction Reports and Analysis Centre (AUSTRAC) CEO Nicole Rose during an address to the National Press Club of Australia in Canberra on Wednesday 19 February 2020. fedpol Photo: Alex Ellinghausen

State Street hit with AUSTRAC fine, infringement notice

The US custodian bank said it has a remediation plan to address compliance issues.

  • James Eyers
Mike Fitztpatrick

Aged care deaths 'far worse' than banking royal commission offences

Melbourne businessman Mike Fitzpatrick has called for political accountability for the inflated COVID-19 deaths in Victorian aged care facilities, arguing the failures are 'far worse' than financiers who lost their jobs from the banking royal commission.

  • John Kehoe

August 2020

Westpac CEO Peter King

Westpac's out-of-favour departees

Departure announcements can be read like diplomatic cables: their truest meaning is between the lines.

  • Myriam Robin

July 2020

Westpac appoints KPMG partner as new CFO

The big four bank has appointed senior partner Michael Rowland to the position as it prioritises stability over growth.

  • James Frost

Original URL: https://www.afr.com/person/lindsay-philip-maxsted-431