“My whole platform is that you shouldn't be the chair because you're conflicted ... I'm saying, appoint me and I'll be the fifth person ... then we'll have a majority of independent directors.”
Stephen May · The Money Café with Alan Kohler · Bond Market Turmoil and the AI Boom
Play from 18:20
18:20
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What was described
Nominate himself for multiple board seats to push for independent directors and an independent chair, leveraging his voting power as a shareholder
Targeting 5 boards on Nov 18; will attend 9 AGM meetings that day; expects 20-30 nominations over six weeks
Said nearby on the same subject
“As almost like IGA ... they are still independent grocers, but they're all working together so they have buying power to buy at the same cost as what Woolworths and Coles do.”
“They’ll implement robust internal controls… partner with external auditors… designate an independent committee of the board… a line to the board that circumvents the CEO”