ACCR has filed a members’ statement against the re-election of Santos Ltd Chair, Keith Spence, at the company’s upcoming annual general meeting.
From early 2021, with Chair Keith Spence at the helm, Santos has made a series of strategic decisions aimed at growth which have resulted in chronic share price underperformance, delivering woeful returns compared with industry peers.
The timing of this vote could not be more critical. While the much hyped merger with Woodside is dead, Santos is clearly still on the market, and shareholders need confidence they have a chair with the requisite skill and judgement to properly identify and weigh all available strategic options before them.
https://www.accr.org.au/news/leadership-hits-the-wall-accr-files-members%E2%80%99-statement-against-re-election-of-santos%E2%80%99-chair/
ACCR files against STO Chair Keith Spence
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