WiseTech’s fully fledged governance crisis is only just beginning
Richard White is back in control, but the countdown is on for the logistics software giant to avoid the ASX’s wrath. So who will agree to sit on its board?
WiseTech Global, led by divisive billionaire Richard White, is only in the first stanza of a fully fledged governance crisis. There is more to come.
A failure of the prior board to conduct adequate succession planning, White’s sordid romantic escapades and seeming disregard for transparency and corporate governance, have landed the $27 billion logistics software company where it is. Underlying governance concerns and the distraction this whole saga is causing the logistics software giant, has seen investors wipe about $13 billion from its market capitalisation this year.
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Joyce Moullakis writes on banking and finance, specialising in investment banking, private equity, and financial services. Connect with Joyce on Twitter. Email Joyce at joyce.moullakis@nine.com.au
