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WTC ASX: WiseTech board elders dig in amid governance firestorm

WTC ASX WiseTech board elders dig in amid governance firestorm
“It’s a unique company because every board member there is beholden to Richard White,” Ownership Matters director Dean Paatsch said.

WiseTech Global directors Charles Gibbon and Maree Isaacs may remain on the software giant’s board even though they failed to inform new members of the board about allegations against billionaire chief executive and founder Richard White.

Mr Gibbon is listed as an independent director of WiseTech but is a substantial shareholder of the company and has served on the board since 2006. ASX governance guidelines recommend assessing director tenure after a decade.

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