Who are the most powerful people in Australian boardrooms? Beyond the bosses, a small clutch of well-connected, highly influential directors are driving corporate strategy.
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DIRECTORS CLUB
Centro ruling a ‘burden on directors’: Gonski
It didn’t take long for the Director’s Club to mount a rearguard action following the Federal Court declaring that the directors of Centro breached their directors’ duties.
READ MOREShareholders’ chair holders getting a big slice of the action
While much attention is rightfully cast on CEO remuneration, some of the highest-paid people in corporate Australia are not executives, but rather, members of Australia’s Director’s Club.
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Centro charges put heat on Directors Club
ASIC announced today that it was bringing civil charges against the former executive and non-executive directors of collapsed property group Centro, alleging they failed to correctly classify $1.54 billion of interest-bearing liabilities.
READ MOREShareholders apply the AGM blowtorch
AGM season has come to a conclusion with an unprecedented spate of protest votes, but the directors’ club remains intact, writes Adam Schwab.
READ MORE2020: Where were John Howard’s four favourite chairmen?
Luminaries from the directors’ club were notably absent from the 2020 Summit, especially the four ageing chairmen most associated with the Howard years, writes Stephen Mayne.
READ MOREThe Sackable Seven – which directors most deserve the boot
It’s remarkable that we are yet to see a single high profile non-executive director fall on their sword as a result of the current credit mess. Stephen Mayne is ready to do some prodding.
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