Business
Packer’s board retreat not enough to end his grip on Crown, regulator says – Sydney Morning Herald
NSW Independent Liquor & Gaming Authority chair Philip Crawford says the regulator could limit James Packer’s voting rights to reduce his influence on the casino…
NSW Independent Liquor & Gaming Authority chair Philip Crawford told The Sydney Morning Herald and The Age on Friday that while the resignations were a good start, he was concerned that Mr Packer still wields significant power through his 37 per cent shareholding.
They can use their voting rights to change the board or influence the board so that would be a concern given the findings, he said in an interview.
We are looking at that very issue because quite a lot of the report is covering those issues…
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