Business
Demetriou should stand down and Crown shareholders should stand up – Sydney Morning Herald
With Crown Resorts in crisis and James Packer holding all the cards, investors have only one opportunity to make a stand.
Proxy adviser Ownership Matters is recommending shareholders vote against the reappointment of the three directors that are up for renewal.
As the inquiry turns its focus to the role of Crown’s directors, including what they knew, what they didn’t know and what they failed to ask, it has become glaringly obvious that the board needs a massive overhaul. The time to start is at the AGM.
Packer himself told the inquiry last week, “I think that the Crown board has a lot to think about in terms of …
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