Three Crown Resorts directors face re-election fight
Three Crown Resorts directors, including James Packer offsider Guy Jalland, face a tough time being re-elected at the AGM.
Three Crown Resorts directors including James Packer offsider Guy Jalland face a tough time being re-elected at the company’s annual meeting late this month.
Three directors are up for re-election including Mr Jalland, former public service chief Jane Halton and deputy chair Professor John Horvath, who is a former federal chief medical officer.
Ownership Matters, a key adviser to industry funds, has opposed the re-election of all three directors on governance concerns.
The company’s governance has come under attack in the NSW inquiry into its Barangaroo casino licence.
Former chair John Alexander has decided not to stand for re-election.
Professor Horvath has served on the board for 10 years, which is usually considered time enough for any director.
Both Ms Halton and Mr Jalland are relative newcomers, although Mr Jalland is a long time adviser to Mr Packer, a major shareholder.
The board currently has 10 people so the defeat of three director would require major changes at a difficult time for the company.
Crown holds its AGM on October 22.
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