Qantas Airways (QAN.AX) customers are already used to interminable waits due to postponed or cancelled flights and lost luggage. Those are just some of the problems that have grounded the Flying Kangaroo’s reputation – and sent its stock plunging some 25% - in recent months. Now the $5.4 billion airline has shunted its much-needed governance overhaul into an unnecessary holding pattern.
Directors Jaqueline Hey and Maxine Brenner, though, are staying in their seats until February. And Goyder intends to remain in the cockpit until just before the company’s annual meeting in over a year’s time. That’s a delay Qantas' antsy shareholders may not be willing to stomach. (By Antony Currie)
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