The fiduciary duty of any Director on a board is to the company and shareholders - it could amount to allegations of a conflict of interest if Aus Super were to appoint one of their own to the board - they are entitled to have a board member/s if they want. They are shareholders
As it stands Aus Super has an “at arms length” involvement - but if you think they have no influence over decision making with 32% ownership then proverbial pigs might fly - I'm sure they have private conversations at the macro level but if they want a bigger say it would be easier to have a board member.
A consortium including Aus Super/private equity/venture capital could collectively mount a TO bid if they saw value in it - You're dreaming. They buy business for sale but they don't do takeovers. If super companies started taking over ASX listed companies there wouldn't be much left for everybody else to invest in. They don't want to rile the regulators
AustralianSuper has just rejected an eleventh hour overture from the Brookfield and EIG consortium to join their takeover of energy giant Origin late last year.
SYR Price at posting:
52.0¢ Sentiment: Buy Disclosure: Held
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