Business Directors

Dec 12, 2012

The Power Index: biz directors, Michael Chaney at #3

Michael Chaney faces a boardroom test this week from NAB shareholders. But the Big Four chairman (and Woodside Petroleum director) has an impressive career behind him building Wesfarmers into the corporate powerhouse it is today. He's a flag-bearer of propriety to those who know him.

Andrew Crook — Former <em>Crikey</em> Senior Journalist

Andrew Crook

Former Crikey Senior Journalist

Tomorrow, National Australian Bank shareholders will deliver their verdict on Michael Chaney’s boardroom career.

It won’t end in tears — the institutions will play ball and re-elect “Mr Perfect” as chair — but for the first time in a long time there will be questions to answer for the man they call “St Michael” when the doors swing open at the People’s Bank AGM in Perth. Anything less than full confidence would represent a savage slapdown for the proud product of an overachieving WA family who famously transformed Wesfarmers from a rural services firm into a diversified sharemarket darling.

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