WiseTech Global and its scandal-hit billionaire founder Richard White are at risk of losing another key investor, after one of Australia’s largest superannuation funds warned it may vote against the election of new directors or sell down its stake.

HESTA, which owns around 0.6 per cent of the logistics software giant, has placed WiseTech on its watch list alongside Mineral Resources, Santos and Woodside, after repeated warnings that the company needs to rebuild investor confidence following a series of governance and leadership scandals.