Business
Powerful investor group calls for Crown directors to ‘reconsider’ their roles – Sydney Morning Herald
One of the most powerful advisory groups in the country has blasted Crown and called on all of its directors to consider resigning.
While Mr Packer, who owns 36 per cent of the company, has given no indication of how he will vote, he said in evidence last week he expected changes to the board would be required to make Crown a fit company to hold a casino licence.
Crown’s corporate governance has been under fire in recent weeks following evidence at a NSW Independent Liquor and Gaming Authority probity inquiry about the casino group’s secret deal to pass on sensitive financial information to its largest shareholder James Pac…
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