Big super-boards push culture after WiseTech and MinRes dramas

Industry pension funds are demanding greater scrutiny and accountability from Australia’s biggest companies over their culture and governance practices as scandals wipe out billions of dollars in value at WiseTech Global and Mineral Resources.

Aware Super, which owns a 1.18% stake in WiseTech, will meet the board on Monday, days after the founder Richard White retreated after weeks of salacious revelations about his relationships with women robbed him of $8 billion in market value.

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