The allegations against one of the country’s biggest superannuation funds is politically explosive and hugely embarrassing for one of the so-called gamekeepers of governance.
Some of the most powerful and influential companies remain in the hands of the executives who founded them and who are almost impossible to remove.
HESTA chief executive Debby Blakey said she had been disappointed by the company’s response and the pace of a succession plan that will see Ellison retain his role as managing director for up to 18 months.
Just like the Richard White scandal,the troubles of WA mining royalty Chris Ellison at Mineral Resources show the dire state of corporate governance in Australia.
A crowdsourcing investment initiative by fast-growing market giant Montu’s has descended into acrimony and unprecedented action from a corporate regulator.
The appointment of Kate Howitt,a funds manager of two decades,to the CBA board has caused consternation within board director circles.
The retailer’s departing chair Sally Pitkin has admitted that settling a legal battle with two former senior executives would have been prudent but hinted the size of the claim was an issue.
Christine Holman,who has worked at some of Australia’s biggest companies,says she was not prepared to put up with Richard White’s behaviour so she quit.
Freedom Foods (now Noumi) former chief financial officer Campbell Nicholas has been penalised for his part in covering up warehouses full of expired stock,which he has expressed remorse for.
John Mullen is currently the chairman of ASX-listed companies Qantas,Treasury Wine Estates and Brambles,raising concerns that he has become overloaded.
A proposal for a $500 million data centre next to an ADF base has sparked fresh concerns about the behaviour of politicians after they leave parliament.