Shareholder Backlash Absent as Seven West Media Faces Reputation Concerns

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Seven West Media,Shareholder Backlash,Governance Failings

Despite chronic governance failings and a string of scandals, Seven West Media, controlled by Kerry Stokes, has not faced shareholder backlash. The company's board and senior management have escaped punishment, unlike other listed companies.

We are getting beyond the point where the Kerry Stokes -controlled Seven West Media could be described as behaviourally accident-prone. Despite suffering from chronic governance failings , it has seemingly escaped the shareholder backlash that would normally be associated with a decade-long string of scandals.

This past week has generated particularly unsavoury allegations about some inner workings at the Seven Network. This masthead and Nine Network are owned by Nine Entertainment, which is Seven Network’s major competitor.

Source: News Formal (newsformal.com)

Seven West Media Shareholder Backlash Governance Failings Scandals Kerry Stokes Board Senior Management

 

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