Shareholders oust Michelle Guthrie from video game maker’s board

Jessica SierNorth Asia correspondent

Nov 30, 2023 – 5.32pm

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Former ABC boss Michelle Guthrie has been unseated as the chairman of video game developer Mighty Kingdom after a successful campaign by a major shareholder who is on the hook for $2 million.

Adelaide-based businessman Shane Yeend and Mighty Kingdom’s board are fighting for control of the ASX-listed company, following a disastrous few years in which its market capitalisation fell from $45 million to $4 million.

Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics.