Qantas shareholders demand chairman Richard Goyder's resignation as investors place rest of board on
- 7 months ago
#qantas #alanjoyce #richardgoyder #qantasboard
Qantas shareholders have demanded resignation chairman Richard Goyder and warned rest of airline's board, as concerns grow among angry investors about rising cost legal battles and reputational damage. Key points Australian Shareholders Association says Qantas chief Richard Goyder should resign after latest scandals Australian Shareholders' Association says Qantas chairman Richard Goyder should resign after recent scandals The group also issued notice to the Qantas board ahead of the Annual General Meeting in November The group also made announcement to the Qantas board ahead of Annual General Meeting in November. Mr Goyder and chief executive Vanessa Hudson will be questioned at the Senate inquiry into Qatar Airways' rejection in Canberra on Wednesday. Mr Goyder's tenure as Qantas chairman ends following fallout from Australian Shareholders Association , ACCC case over ghost flights, Supreme Court ruling on illegally dismissed workers and the airline's eventual multi-million dollar He said it was necessary. payment to former CEO Alan Joyce. “We think it is time for [Richard] Goyder to resign,” CEO Rachel Waterhouse told The Business. “Richard Goyder is just one of the board members and first among equals to become chairman.” Last week Mr Goyder told ABC he had the support of airline's largest shareholders and board. “Shareholders are very supportive of what we're doing right now, the new CEO, and certainly me.” But Ms. Waterhouse said the shareholders she spoke to did not offer messages of support to Mr. Goyder. "What I'm hearing from retail shareholders is that change is needed and Richard Goyder should resign," he said. “This dialogue has been changing over the last few weeks as more issues have come to light, but it is clear that a change in leadership is necessary. “Many facts have come to light that call into question ability to supervise the CEO management team, and questions surrounding timing of Alan Joyce's share sale payment, this is concerning for retail shareholders.” Qantas chairman Richard Goyder has faced growing calls for his resignation in recent weeks as scandals have rocked the airline. Ms Waterhouse said the remaining members of Qantas' board needed to see themselves as people ready to improve the airline's culture. “The board has made a decision around the CEO… now they need to think about what, when, what is appropriate and the risks they may have overlooked,” he said. “The board needs to think about themselves and the skills needed for the future.” Qantas' board of directors consists of 10 members. Along with Mr. Goyder and CEO Vanessa Hudson, it also stars Maxine Brenner, Jacqueline Hey, Belinda Hutchinson, Michael L'Estrange, Doug Parker, Todd Sampson, Heather Smith and Antony Tyler. Ms Waterhouse said Mr Goyder should resign after attending the airline's annual general meeting in November, where a "clear succession plan" was in place. Hudson's
Qantas shareholders have demanded resignation chairman Richard Goyder and warned rest of airline's board, as concerns grow among angry investors about rising cost legal battles and reputational damage. Key points Australian Shareholders Association says Qantas chief Richard Goyder should resign after latest scandals Australian Shareholders' Association says Qantas chairman Richard Goyder should resign after recent scandals The group also issued notice to the Qantas board ahead of the Annual General Meeting in November The group also made announcement to the Qantas board ahead of Annual General Meeting in November. Mr Goyder and chief executive Vanessa Hudson will be questioned at the Senate inquiry into Qatar Airways' rejection in Canberra on Wednesday. Mr Goyder's tenure as Qantas chairman ends following fallout from Australian Shareholders Association , ACCC case over ghost flights, Supreme Court ruling on illegally dismissed workers and the airline's eventual multi-million dollar He said it was necessary. payment to former CEO Alan Joyce. “We think it is time for [Richard] Goyder to resign,” CEO Rachel Waterhouse told The Business. “Richard Goyder is just one of the board members and first among equals to become chairman.” Last week Mr Goyder told ABC he had the support of airline's largest shareholders and board. “Shareholders are very supportive of what we're doing right now, the new CEO, and certainly me.” But Ms. Waterhouse said the shareholders she spoke to did not offer messages of support to Mr. Goyder. "What I'm hearing from retail shareholders is that change is needed and Richard Goyder should resign," he said. “This dialogue has been changing over the last few weeks as more issues have come to light, but it is clear that a change in leadership is necessary. “Many facts have come to light that call into question ability to supervise the CEO management team, and questions surrounding timing of Alan Joyce's share sale payment, this is concerning for retail shareholders.” Qantas chairman Richard Goyder has faced growing calls for his resignation in recent weeks as scandals have rocked the airline. Ms Waterhouse said the remaining members of Qantas' board needed to see themselves as people ready to improve the airline's culture. “The board has made a decision around the CEO… now they need to think about what, when, what is appropriate and the risks they may have overlooked,” he said. “The board needs to think about themselves and the skills needed for the future.” Qantas' board of directors consists of 10 members. Along with Mr. Goyder and CEO Vanessa Hudson, it also stars Maxine Brenner, Jacqueline Hey, Belinda Hutchinson, Michael L'Estrange, Doug Parker, Todd Sampson, Heather Smith and Antony Tyler. Ms Waterhouse said Mr Goyder should resign after attending the airline's annual general meeting in November, where a "clear succession plan" was in place. Hudson's