Scandal-Hit WiseTech Faces Rising Pressure From Top Pensions
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WiseTech Global Ltd. is facing growing pressure from some of Australia’s biggest pension funds to address governance concerns, after scandal-plagued founder Richard White last month ousted most of the board and installed himself as executive chairman.
Debby Blakey, the chief executive officer of A$91 billion ($57 billion) pension fund HESTA, called on senior leaders at WiseTech to “restore investor trust” and said the fund is “monitoring the situation closely.”