With Nick Falloon’s position on the Nine board more tenuous,shareholders are dumbfounded by how a company at the peak of its success is struggling with board politics.
The last of James Packer’s direct representatives on the Crown Resorts board has resigned from the casino operator with John Poynton leaving both Crown and its Perth subsidiary with immediate effect.
Heather Reid is facing a vote over her future amid allegations she tried to interfere with the election of fellow board member Stefan Kamasz.
The review recommended “significant improvements” to the watchdog’s internal practices,systems and processes,and raised concerns about the proper use of public resources.
Solomon Lew said Garry Hounsell's departure was the'green shoot'Myer shareholders had been waiting for and should signal to the remaining four board members that their'time is up'.
The only director up for re-election at Myer's annual general meeting is chairman Garry Hounsell and if he is felled the rest of the board could unravel very quickly.
Boral is likely to put some of its US assets up for sale next year,but chief executive Zlatko Todorcevski says they won't be sold at bargain basement prices.
Seven Group shareholder Martin Currie has endorsed the group's hefty stake in Boral,saying Seven would boost Boral's performance and deliver effective scrutiny.
Building materials giant Boral has buckled under pressure from activist shareholders,with its chairman Kathryn Fagg to retire from the board next year.
Boral's defence of its decision to appoint two executives from Kerry Stokes'Seven Group to its board has failed to placate activists shareholders.
Activist shareholders in building materials giant Boral have questioned the appointment of two executives from Kerry Stokes'Seven Group to its board.