Corporate Australia, Stop Blaming Women
Board-decision making is collective. Pinning bad calls on female directors doesn’t pass the laugh test.
Hopefully this is just the dying spasm of Australia’s old boys’ network.
Photographer: Sam Edwards/Getty Images
Remember when Chairman David Turner and Chief Executive Officer Ian Narev crashed the Commonwealth Bank of Australia by allowing a “complacent culture” and a “lack of accountability” to flourish within the company?
Or when Wesfarmers Ltd. Chairman Michael Chaney and Managing Director Richard Goyder bought a U.K. hardware chain for $460 million and wrote it down to the tune of $700 million two years later? How about when the share price of department store Myer Holdings Ltd. fell by more than half under the leadership of Chairman Paul McClintock and Chief Executive Richard Umbers?