Business
‘Jobs for the old boys’: ASX trading outage spark calls for accountability – Sydney Morning Herald
The full day trading outage has sparked calls for fresh blood at the top of ASX’s board.
However, Mr Kolesnikoff said shareholders need more accountability for what went wrong and the board should take responsibility. “Management has to be accountable, because it is a monopoly and you cant just switch off,” he said. “The board should have been making sure this was right.”
Directors stop being “independent” after 12 years as they become too close to management and lose sight of the company’s evolving needs, Mr Kolesnikoff added. ASX chair Rick Holliday-Smith has been a director for 14…
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