Today
Founder empathy is testing the limits of good boards
Independence, like value, is largely in the eye of the beholder. And investors are doing their homework on captured directors.
Yesterday
Keybridge’s lawyer warned against using administration to avoid board spill
Silk Andrew Broadfoot urged Keybridge to be cautious about a decision to appoint an administrator days before a shareholder meeting.
This Month
‘I am WiseTech’: How Richard White regained control of his company
On one side was a group of independent directors with their reputations on the line. On the other, a powerful founder with everything to lose.
Inside Australia’s boardrooms, Trump’s a speed bump
Tariffs here one day, maybe gone the next. Australian business is trying to see through directors call “noise”, but can’t ignore the chaos.
December 2024
Orica chairman Malcolm Broomhead to step down
A veteran of some of Australia’s most powerful boardrooms has announced plans to step down from his last major corporate directorship.
November 2024
City Chic chair hits the phones ahead of AGM
With the shares off 73 per cent over the past year and considering 27.6 per cent of shareholders voted against its report at the 2023 AGM, it’s only prudent for Michael Kay to get on the front foot.
Ramsay investors push for shake-up of ‘failed’ overseas expansion
The country’s largest private hospital operator is facing demands from shareholders to discard international operations and focus on its local facilities.
Two Westpac directors leave after just three years on coveted board
The resignations add to a significant transition for the bank, with a new chairman appointed last year and a fresh chief executive starting next month.
Why every director should fear a MinRes on their watch
Who’s happy at Mineral Resources? No one. That’s what happens when you’re jammed between investors and the outside world.
October 2024
How big super became the corporate enforcer
Few could’ve predicted who would be enforcing standards in corporate Australia in 2024. It’s all about the weight of money.
WiseTech director’s scathing assessment of ‘bully’ Richard White
Christine Holman accused the software giant’s chief executive of intimidation, bullying and overseeing poor corporate governance as she quit in 2019.
Glass Lewis backflip prompts AGM proxy process questions
It is one thing to have a view, it is another to stand behind it. How much work goes into some of these proxy recommendations?
August 2024
EML Payments chairman resigns after board clash over credit card use
Luke Bortoli, also the chief financial officer at lithium hopeful Pilbara Minerals, said he was pleased to leave the prepaid gift card group in “great shape”.
EML Payments chairman’s corporate credit card ignites boardroom clash
The prepaid cards business said it had undertaken an “independent review of expenses incurred by directors and management” but decided against taking action.
AGL’s accidental chairman a good lesson in leadership
Having settled a hornet’s nest, it must have been tempting for Patricia McKenzie to hang on.
July 2024
Can Bob East finally find a woman to sit on Cettire’s board?
The addition of investment banker Jon Gidney last week – the first to be added to the board since it listed on the ASX – only highlights the company’s needs.
Veteran banker Jon Gidney joins Cettire board
The former investment banking heavyweight has joined the luxury goods platform, which is yet to appoint any female directors.
June 2024
Businesses failing to weigh wider risks
Readers’ letters on the need for boards to consider risks beyond their organisation; the links between gambling and sport; and the fight against inflation.
CEO pay goes green, but details lacking on performance measures
It’s one thing to set CEO remuneration based on climate change goals; it’s another to be able to properly measure them.
Super Retail names new chair to replace Sally Pitkin
Judith Swales will exit her executive role at Fonterra and become chairwoman at the retailer behind the Rebel and Supercheap Auto brands.