Business
Still room for improvement on Myer’s board despite cuts, says Wilson – Sydney Morning Herald
The department store chain has agreed to cut its board of directors by two and slash its board fees in response to pressure from its second-largest shareholder, Geoff Wilson.
However, on Wednesday the veteran stockpicker told The Age and The Sydney Morning Herald he planned to go back to Myer’s management to get further clarity on the quantum of fee reductions comparative to other companies of a similar capitalisation.
He also noted there was room in the company’s constitution for the board to potentially cut another director. “Their constitution means they have to have…
-
Noosa News21 hours agoMan charged over allegedly abandoning Arnie the German shepherd in car after claiming dog and vehicle were stolen
-
Noosa News22 hours agoMotorcyclist dies in crash with truck
-
Noosa News23 hours agoSomerville House investigating after teachers’ dossier on students leaked
-
Noosa News20 hours agoAustralia Post reintroduces weekend deliveries for Christmas parcel rush