The chair of Qantas also holds positions at Woodside, the AFL, the West Australian Symphony Orchestra and Channel Seven Telethon Trust, raising questions of how much is too much
Investor groups are questioning how the Qantas board allowed so many issues to emerge, and have warned that Joyce’s early departure is not the end of the matter.said on Friday shareholders wanted to know whether the boardLouise Davidson, chief executive of the Australian Council of Superannuation Investors , said she expected the board to “carefully consider any executive bonuses” in light of the problems facing the company.
“The early departure of the Qantas CEO this week has not erased the issues that concern us, and we are interested in the terms of his exit,” said Davidson. “We are also keen to hear the board’s plan to repair the reputational damage done to the airline in recent times, and how the organisation plans to rebuild public trust and confidence.”
Acsi represents major superannuation funds with a significant stake in Qantas. The airline’s annual general meeting is scheduled for early November, when investors will vote on its remuneration plans.
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