Proxy advisor CGI Glass Lewis recommends Woodside Energy chairman's ouster [Yahoo! Finance]
QANTAS AIR LTD S/ADR NEW (QABSY)
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Source: Yahoo! Finance
Goyder and against the company's climate strategy at the annual general meeting later this month. Glass Lewis noted that activist investor Australasian Centre for Corporate Responsibility (ACCR) opposed Goyder's re-election, with ACCR saying last month that Woodside's board was persistently unresponsive to shareholder concerns on climate risk management. Goyder, who is also the chairman on Qantas Airways, will step down from the airline's board in late 2024, with the Australian flag carrier looking to fix its battered reputation after being beset with both legal and regulatory actions. "Considering Goyder's role as chair of Qantas, some shareholders may find his accountability for oversight failings relevant in assessing his suitability as the chair of Woodside," Glass Lewis said in its report. Glass Lewis' recommendation comes after HESTA, one of Australia's largest pension funds, urged Woodside last month to consider appointing new directors who are equipped to manage climat
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