Business
Rich Listers win with boards that can say no – The Australian Financial Review
In public companies with wealthy major shareholders at their centre, independent directors occupy a funny – and occasionally fraught – position.
Was the board unwilling to raise its voice on certain issues for fear of upsetting the applecart, or more specifically Packer?
In public companies with wealthy major shareholders at their centre think of our most famous Rich Listers independent directors occupy a funny and occasionally fraught position.
They essentially serve at the pleasure of that wealthy entrepreneur it is their votes that safeguard a director’s seat on the board and, to a certain extent, their money that pays the director’s…
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