5 questions for the Qantas Board

5 questions for the Qantas Board

Rachel Waterhouse Rachel Waterhouse

Rachel Waterhouse

发布日期: 2023年9月13日
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Australian Shareholders' Association has been asking questions about Qantas' board actions in relation to the ACCC investigation and steps taking in approving vesting of awards to the departing CEO.

We are asking:?

  1. Was the Board appropriately oversighting organisational performance including risks?
  2. When did the Board become aware of the ACCC investigation and the prospective fine? What CEO pay decisions were made while this information was available to the Board??
  3. Did the CEO contract include the ability for clawback if he breached legal obligations??
  4. Was the incoming CEO aware of the issues before starting in her new role??
  5. How will the new CEO ensure the right culture is in place to drive organisational performance, meet consumer expectations and lift staff morale??

Clearly, the company needs to restore trust in its brand with consumers, staff, and investors by providing operational excellence and ensuring strong customer service.?

All will be revealed in the remuneration report in the full annual report which is due soon. We will be asking questions at the AGM in November.

You can see ASA commentary in the media on this issue here.

Ralf R?dl

Played my part in the airline's 104 years history, assisting Qantas customers travelling on variants of the A330/B747/B767 fleet.

1 年

Goyder checking with his shareholders ...

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Kara Vassallo, MBA

Relationship manager leading strategic initiatives in event management, partnerships and marketing

1 年

Fantastic interview tonight on ABC news Rachel

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Micheal Martin FAICD

Board Chair I Certified Chair I Founder I Governance I Risk I Strategy

1 年

Great to see balanced “good governance” questions being put out there!

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Robert Marfell

Financial Communications | Marketing Leader | Efficacy Expert | Host

1 年

Heard coverage of ASA in Fear & Greed too ??

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Will Rosewarne

Corporate governance | Board performance evaluation | Social impact & entrepreneurship

1 年

I think we already know, or at least strongly suspect the answer to many of these questions. As the incoming CEO is the ex CFO and the CCO before that, she very obviously would have had line of sight to the issues prevalent to the discussion today.

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