Directors

Current non-independent nominee directors of ASX300 companies


October 27, 2020

This list looks at non-independent shareholder nominee directors of ASX300 companies, excluding founders.

Beach Energy: Seven Group Holdings has amassed a 28% stake and for this they have two of the 9 directors, Ryan Stokes and Richard Richards.

Boral: Seven Group Holdings has amassed a 20% stake in 2020 and Ryan Stokes is the current nominee on the board.

Challenger Financial Group: Japanese group Mitsui own 15% and for this they are entitled to one board seat which is currently occupied by Masahiko Kobayashi. This supportive voting bloc has enabled chair Peter Polson to over-stay his welcome.

Coca Cola Amatil: Atlanta-based parent owns 30% of the business and currently has 2 of the 8 directors, both of who are Asia-based executives of the Coca Cola Company. Ilana Atlas is the independent chair.

Crown Resorts: James Packer's CPH has 3 of the 10 directors, although this has caused lots of problems and the company recently moved to the model of having an independent non-executive chair (Helen Coonan) for the first time.

Fortescue Metals: Dr Cao Zhiqiang is the nominated director of China's state-owned Hunan Valin Iron & Steel.

Nufarm: Toshikazu Takasaki has served on the board since 2012 representing Japanese giant Sumitomo which currently owns around 15%, similar to the situation at Challenger.

REA Group: News Corp owns 61.6% of the business and for this it has 5 of the 8 directors including chair Hamish McClennan.

Seven West Media: Seven Group Holdings, which is majority owned by the Stokes family, in turn owns 41% of Seven West Media and for this it has two of the 9 directors in Kerry and Ryan Stokes with Kerry serving as chair.

Sims Group: Hiroyuki Kato is the nominated director of Mitsui after it spent $600 million on a 20% stake in 2007.