Yesterday
ASX is facing a perfect storm. What’s it going to take to fix things?
The operator of the nation’s market infrastructure finds itself in a farcical and unacceptable position. Hopefully, it can heed the messages being blasted through.
This Month
‘Difficult decision’: ANU council member resigns
A member of ANU’s governing body has resigned, citing concerns about the council’s direction and a lack of accountability after months of turmoil.
Virgin board overhaul brings in Qatar executive, ex-Macquarie chairman
The airline has formally appointed Peter Warne – among others – as a director, two years after he was first announced, as it prepares to rejoin the ASX.
Board fights and mass resignations: the battle splitting the nation’s geoscientists
A bitter struggle for control of a professional association is proving that diversity, equity and inclusion remains a lightening rod for controversy.
Corporate America fears wrath of Trump as it mulls tariffs response
Executives are unsure of how far to go in re-engineering their businesses in response to the trade war, amid doubts over how long they will last.
Big super is now a big target of criminals. It’s time for funds to step up
The super sector has been warned for two years to get its act together on cybersecurity. Once again it’s been caught out.
Inside the ‘great frustrations’ between Shayne Elliott and ANZ board
The veteran banker is finishing as chief executive next month – after nearly a decade, regulatory reprimands and plenty of tension at the top.
Rio Tinto’s agitator sneaks payment in the fine print
Who knew influencers had more transparency around sponsored content than investment researchers?
ANZ review found staff raised concerns and middle managers failed them
Oliver Wyman’s detailed report into the cultural problems within the bank’s markets unit has singled out weak leaders who failed to supervise powerful traders.
APRA lashes ANZ’s risk culture, raises capital penalty to $1b
A separate review of the bank found “weaknesses in culture, leadership, and infrastructure could lead to material issues in the future”.
WiseTech whistleblower warned she would never get another board role
ASIC boss Joe Longo warned of an outbreak of “issues in the bedroom migrating to the boardroom” as Christine Holman revealed the threat made to her.
MinRes and Chris Ellison face class action over ‘misleading conduct’
The loss-making miner has rejected claims its share price was “artificially inflated by the company’s misconduct” and that investors suffered losses as a result.
HESTA says WiseTech’s new director ‘falls short’ of expectations
The industry superannuation major is concerned that the logistics software giant has appointed its former chairman as lead independent director.
Norway’s sovereign wealth fund to vote against Rio Tinto unification
The huge fund intends to vote to keep Rio Tinto’s dual-listed structure, despite other shareholders supporting a bid to review it.
March
WiseTech investors say they want new CEO, but back White
A shareholder sentiment survey came as the software giant said former chairman Andrew Harrison would return as lead independent director.
RBA, ASIC say they are ‘increasingly concerned’ about ASX
The regulators said the market operator was not complying with risk mitigation standards after an outage in December left investors unable to settle trades.
Advertising expert Todd Sampson resigns from Qantas board
The airline has appointed former HP chief executive Dion Weisler in his place, meaning five of seven directors have been installed in the last three years.
How it all went wrong for Rocky Elsom in the ‘wild west’ of French rugby
The former Wallabies captain faces arrest in France over misusing the assets of his rugby club. But court documents reveal he left the club in its best financial position in years.
Secret six-figure payout to banker suspected of child porn
Gresham and its shareholder Wesfarmers later engaged law firms to investigate. A decade later, the executive was cleared of having child exploitation material.