The uncomfortable truths about Australia's cosy directors club
Ownership Matters has done the numbers, using 15 years of company director and executive data, and the information is an eye-opener about how the club works.
It’s official. Members of Australia’s so-called ASX 300 directors club are on the gravy train, with far too many of them raking in hundreds of millions of dollars a year in fees for being a rubber stamp for the management.
Governance and proxy adviser Ownership Matters has done the numbers, using 15 years of company director and executive data, to unveil a series of uncomfortable truths about the club and how it works.
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Adele Ferguson is a Gold Walkley Award winning investigative journalist. She reports and comments on companies, markets and the economy. Connect with Adele on Twitter. Email Adele at adele.ferguson@theage.com.au
