The proxy advisory firm says the dissident group campaigning for Bill Wavish has not mounted a sufficiently compelling case for a new director.
The board of Qantas has governed and overseen a company and management that has performed poorly for customers. Yet,some directors will be rewarded with a show bag of free flights when they exit.
The chair of the Dan Murphy’s and ALH pubs operator,Peter Hearl,has defended the performance of the business after a sustained attack from its largest shareholder.
The fight for retail shareholders’ votes has started in the explosive Endeavour board stoush.
The unspoken war behind the Endeavour board stoush is between billionaire Bruce Mathieson and Woolworths.
Endeavour told investors it was concerned by the “ongoing and significant disruption” to the business and would now put retail veteran Bill Wavish up for election at this year’s annual meeting.
A partnership agreement between Endeavour and Woolworths is in the crosshairs of billionaire Bruce Mathieson,the biggest shareholder in the pub,poker machine and liquor group.
While progressive super funds have largely divested from fossil fuel companies,some still invest members’ savings in pokies,casinos and online betting companies.
Tensions between the pubs business and its major shareholder are intensifying ahead of the company’s AGM.
Former Woolworths bosses and Endeavour’s largest shareholders are at odds with the company about the direction of its business.
The “disgraceful” board of Endeavour has been called out by its biggest shareholder Bruce Mathieson,who says retail veteran Bill Wavish should be appointed to the board to refresh “boys club”.