Shareholder pressure forces more Boral (ASX:BLD) board changes

Company News

by Katrina Bullock

Boral (ASX:BLD) is looking to shift up its board composition again following shareholder concerns regarding director accountability for past performance and the level of representation by Seven Group Holdings (ASX:SVW).

Boral’s Chairman, Kathryn Fagg, has indicated that she is willing to retire from the Board at the upcoming AGM.

Despite this, the company has requested that she stand for re-election to support leadership stability and continuity amidst the ongoing board renewal, leadership changes and portfolio review.

Pending re-election she will stay, on the basis that she will retire and there will be an orderly transition to a new chairman in 2021.

Seven Group Holdings has also indicated that it will withdraw its nomination of Richard Richards for the board.

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