Business
Tabcorp investors called for CEO’s head before leadership overhaul – Sydney Morning Herald
A group of major Tabcorp investors combined forces to demand the removal of chief executive David Attenborough and chairman Paula Dwyer.
Shareholders who signed the letter included the $25 billion investment powerhouse Perpetual Limited, the $101 billion fund manager Pendal Group and Investors Mutual.
Martin Currie fund manager Patrick Potts said his fund – Tabcorp’s fifth-largest shareholder – had also been pushing for changes since it joined Tabcorp’s share register via its $11 billion merger with Tatts in 2017.
“Weve been in ongoing discussions with the board around several governance issues, mainly around length of tenure, …
Continue Reading