Yesterday
White’s return as executive chairman puts ‘key man risk’ in play
Shareholders have been told to “exit stage left” if they have any doubts over Richard White’s ability to lead WiseTech.
This Month
ASIC says it is making ‘preliminary inquiries’ into WiseTech
The comments from the regulator came after the software giant’s founder, Richard White, returned as executive chairman despite a board review into his conduct.
WiseTech must find new independent directors or risk ASX suspension
The fine print of the bourse’s corporate governance principles shows Richard White and the remaining board members are in a rather urgent pickle.
WiseTech’s billionaire founder sells $200m in shares in two months
Richard White offloaded the stock in the midst of turmoil at the company which ultimately led to the exit of four independent directors earlier this week.
Chase has stalled in suspected $180m corporate fraud case
A liquidator has not been able to secure ATO funding to aid an investigation into a suspected tax fraud in the construction industry.
Banks, insurers crack down on abusers using their products as weapons
Financial abuse is estimated to cost victims $5.7 billion every year – more than twice the amount of losses from scams.
‘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.
WiseTech is still a prisoner of its founder
Investors have now passed a harsh judgment on the company’s governance problems.
WiseTech investors split as board quits en masse over Richard White
The software firm’s chairman and three directors have quit citing “intractable differences” over the billionaire businessman’s continuing role at the company.
WiseTech is ungovernable. Is it still investible?
Through his own actions, Richard White has thrown the tech giant into crisis twice in six months. How can any serious investor trust him again?
Banks lashed for breaking Hayne-era bonus caps
The house economics committee has called on CBA to reverse last year’s decision to lift bonus caps, which threatened to unwind hard-won gains from the inquiry.
Killing ASX diversity rules should be start of governance reset
John Wylie’s new “first principles” rule book should be the starting point for the debate about what best practice corporate governance should now look like.
Failed diversity push triggers demands for ASX governance overhaul
Wesfarmers boss Rob Scott said proposed governance guidelines ‘went too far’.
I’m an ESG insider. Here’s the truth behind how it went off the rails
Advocacy for moral concerns should be left to those with the proper mandate and ESG professionals should practice what they preach about good governance.
Revealed: the 24-hour vote that killed off ASX diversity plan
The ASX Corporate Governance Council will drop proposed new rules for listed companies after nearly half the members voted not to proceed.
Time for a first principles model of corporate governance
A more competitive framework for our public companies is totally achievable while preserving Australia’s core commitment to high governance standards and confidence in our market integrity.
John Wylie calls for annual director elections in ASX overhaul
The veteran fund manager is urging the ASX governance council to return to the drawing board and has proposed an alternative “commonsense” version of rules.
Corporate revolt set to kill off ASX diversity plan
At least four key business groups will oppose proposals to update the governance rules, killing the prospects of getting the broad consensus needed to proceed.
Boardroom diversity shouldn’t be a box-ticking exercise
Corporate strategy should be shaped by people from different backgrounds whose fresh perspectives on solving problems and seizing opportunities can add value.
Why the Star case has unnerved Australian boardrooms
“It’s a private company” is a big selling point for directors when headhunters call, and ASIC’s case against the embattled casino group is making many directors more nervous about public company boards.