Business
Cromwell board torpedoed in AGM bloodbath – The Australian Financial Review
The Brisbane fund manager has been at odds with its major shareholder for close to two years, accusing it of pursuing a ‘takeover by stealth’.
Veteran director Gary Weiss, the brilliant lawyer who made his name as a corporate raider, and Joe Gersh, an investment banker and ABC board member, were nominated by ARA and narrowly voted into the boardroom at a meeting in September.
At the meeting on Wednesday the remuneration report was also voted down for the second year running, triggering a spill motion that won overwhelming support.
As a result, three remaining board members must face another shareholder meeting for re-election within three…
-
Noosa News13 hours agoWoman dead and man rushed to hospital with gunshot wound following crash near Aussie World on Queensland’s Sunshine Coast
-
General19 hours agoBoy dies after being trapped between rocks off NSW beach
-
Noosa News19 hours agoFarmer Fred Perry’s 30-year conservation project creates bird haven after years of ‘bashing and burning’
-
Noosa News19 hours agoDetectives continue to search for answers on Crystal Beale’s death