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HESTA says WiseTech’s new director ‘falls short’ of expectations

Max Mason and Tess Bennett

Apr 1, 2025 – 4.00pm

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A major superannuation investor says WiseTech Global’s appointment of its former chairman as a new lead independent director fails to meet its expectations of proper corporate governance.

HESTA owns around 0.6 per cent of the logistics software giant, but has been circumspect in its criticisms of the company despite months of boardroom antics and the exit of four independent directors.

Max Mason covers financial crime, courts and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason

Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter.