Hours after declaring his lack of “close personal ties” to the Mathiesons, Wavish and Mathieson jnr arrived together at a Dan Murphy’s whiskey tasting.
In the one camp is Mathieson, a colourful and unreconstructed pubs-and-pokies baron, prone to sweating every asset. In the other, Endeavour Group – presently trying to convince regulators they have no need to impede its pubs, liquor and pokies operations by doing the responsible thing all on its own.
At stake is the coveted “independent director” tick, useful in securing the support of proxy firms and institutions. Independent directors, according to the ASX, are defined as members of a board “free of any business or other relationship that could materially interfere with – or could reasonably be perceived to interfere with – the independent exercise of their judgment”.
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