Brenner's farewells must continue

Ross Illingworth

Kingfisher Capital Partners

Melbourne, Vic 

Australian Financial Review
OPINION
2 May 2018

Catherine Brenner stepping down from the Art Gallery of New South Wales board of trustees is honourable given the oversight governance failures leading to the destruction of shareholder value and reputational damage on her watch as chair at AMP.

NSW Arts Minister Don Harwin is quoted as saying: "Catherine feels stepping aside from the board is appropriate while the royal commission continues its work ... a reflection of her desire to put interests of the gallery first."

Surely the same logic applies to Brenner's non-executive directorships at Boral and Coca-Cola Amatil? If nothing develops in the interim, the AGMs for Boral and CCA are likely to be quite lively because many AMP shareholders hold all three.