Should Goyder’s Qantas failures be a mark against him at Woodside? Depends who you ask.
, his tenure as chairman of Qantas and Woodside was chugging along, and while club presidents were tiring of Goyder’sFast-forward to the present and Goyder is bloodied and bruised, staggering from one stakeholder meeting to the next. He’s set in motion hisin the midst of an ACCC investigation – and AFL circles expect him to begin the process of finding his own successor.But it’s Goyder’s chairmanship of Woodside now taking chunks out of him.
Of the three major proxies, Ownership Matters has been the only to recommend shareholders vote yes to both. CGI Glass Lewis hasagainst the climate report and the re-election of the chairman, citing, among other things, the governance failures at Qantas.. Its advice says shareholders should vote against the climate report, but for Goyder. Still following? “The issues at Qantas have been addressed,” ISS wrote.
So why did ISS go after Brenner over Qantas failures seven months ago, but give Goyder a clean bill of health for the same issues? Reached on Sunday, Kolesnikoff said Goyder had done enough to steady the trajectory at Qantas, mentioning his and Brennan’s exits from the airline. “Richard has accepted accountability,” he said.get re-elected to the Qantas board at the airline’s AGM (it recommended against the company’s rem report and’s LTIP awards.
How did they escape involvement in the ISS accountability project? To say nothing for the fact that it was GoyderThe recent Qantas meltdown around governance asks the question: should the failures of its directors at company A affect how shareholders vote at company B? Well, obviously they should. But applying the standards in a consistent way shouldn’t be this difficult. How fortunate for Goyder that it is.is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent.
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