The outgoing head of the corporate regulator has acknowledged the thorny issue of boards grappling with large flows of information in the wake of the Star case.
Kaaren Morrissey
Justice Michael Lee says directorships with public companies, particularly those in ‘high-risk enterprises’ such as casinos, ‘are not just tokens or glittering prizes decorating a CV’.
Sean Smith
Star Casino’s former CEO was found to have broken the law, although Justice Lee at times also ruled in his defence and that of other directors.
Tom Richardson
Three Fortescue directors topped up their stakes in the iron ore major just days before a market rout that has hammered the mining sector.
Daniel Newell
The sellers include Michael Arnett, the mining and civil contractor’s long-term chair, who pocketed nearly $2 million last week from his fourth sell-down in as many months.
Malcolm Watkins founded the mortgage wholesaler in 1994 along with Brett McKeon, Kevin Mathews and the late Brad McGougan, playing a leading role in the development of the technology used by its 4300 brokers.
Media mogul Kerry Stokes has paid tribute to gifted and talented colleagues and the Seven Network’s innovative content as he steps down as chair of the company’s board.
Cheyanne Enciso
One high-flying gold executive has reaped more than $50 million after cashing out another big chunk of his shareholding in the company he built from scratch.
Adrian Rauso
Four blue-chip CEOs announced their departures this week as rapid advances in AI intensify pressure to deliver shareholder returns.
Nick Rohrlach has served as chief of Virgin’s loyalty program Velocity since 2021, when he jumped shipped from rival Qantas in a move that sparked a legal battle between the two airlines.
A pair of directors at Northern Minerals has taken issue with the timing of two crucial shareholder meetings, pointing to further drama at the geopolitically charged rare earths junior
Simone Grogan
The appointments of Isar Mazer and Russell Baskerville as non-executive directors lift board numbers back out to nine ahead of the proposed retirement of deputy chair Brent Stewart later this year..
Company filings show the 44-year-old resigned as a director of up to 18 companies on Sunday, including his privately-owned VGW Holdings and his Lance East family office.
The appointment was announced with the promotion of Matthew Nixon to chief executive, with outgoing non-executive chair Tony Kiernan to remain on Genesis’ board as lead independent director.
Chinese interests have mounted a fresh campaign to overthrow Northern Minerals’ leadership and take control of the rare earths player feted by the Australian and US governments.
Woodside Energy is forecasting annual production for the next 12 months will fall from a record 198.8 million barrels of oil equivalent in 2025 to between 172mboe and 186mboe.
Sean Smith and Daniel Newell
Develop Global’s chairman Michael Blakiston has sold more than $700,000 of stock and the company made a mea culpa for failing to disclose share purchases by a different director.
No warning, just a late-night revelation: BP was ousting its chief executive and filling the role with an outsider, vetted during a top secret process that only a handful of people even knew was happening.
Mitchell Ferman, Kevin Crowley and Ruth Liao
Will Woodside Energy go with an outsider to replace Meg ONeill, or look to promote from within? The answer lies in chair Richard Goyder’s past hires at some of Australia’s biggest companies.
WiseTech Global has released more findings from an external review into the alleged misuse of company funds by co-founder Richard White.
Staff Writers
A third of ANZ shareholders have voted against its remuneration report, making it the first Big Four bank since Westpac in 2019 to suffer a second strike. New CEO Nuno Matos is forgoing short-term bonuses.
Stephen Johnson
ANZ chairman Paul O’Sullivan says the bank’s board maintains the option to reduce bonuses further for executives amid growing discontent over accountability for past failings.
Adam Haigh
Former Bunnings boss John Gillam will take the helm of industrial conglomerate SGH as chair from June.
John Van Der Wielen replaces former Rio Tinto boss Sam Walsh, who had chaired the mint’s Government-owed operating company, Gold Corporation, since 2019.
