Opinion
Rich Listers win with boards that can say no
In public companies with wealthy major shareholders at their centre, independent directors occupy a funny – and occasionally fraught – position.
James ThomsonColumnistOne of the most fascinating aspects of the NSW casino inquiry has been the close-up look at how the Crown Resorts directors interacted with major shareholder and former executive chairman James Packer.
The inquiry has shown Packer to be a unique presence at Crown. Whether he was on the board or off it, whether he was hands on with management or more removed, his shadow always loomed large.
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