Interesting article in the AFR today about the management failings at the ASX. Some highlights:
"under Stevens leadership, ASX has suffered an unusually high turnover of the Executive Committee."
KL is mentioned and finishes in a month. The tie in is that the ASX is losing significant corporate memory.
"None of these executives gave an explanation for why they are leaving the ASX".
The article speculates that cultural change is needed, quoting the KPMG report published in February. The report says "the dynamics of the Executive Committee do not encourage a sense of collective accountability for enterprise risk outcomes or constructive challenge of Committee members".
SP1 Price at posting:
$1.07 Sentiment: Hold Disclosure: Held
