The proxy firm was critical of Mr Wavish’s previous directorships at Myer and Dick Smith, and also believes that performance issues for the owner of Dan Murphy’s are short-term.
Endeavour Group has been at the centre of a boardroom brawl for two-and-a-half weeks. It owns 354 hotels and the Dan Murphy’s and BWS liquor chains.
despite an aggressive campaign by the company’s biggest shareholder, pubs billionaire Bruce Mathieson snr. “We note the board has provided Mr Wavish with an open invitation to participate in the company’s ongoing director search process. To the best of our knowledge, the dissident group has not publicly explained why Mr Wavish has declined to participate.”operates 266 Dan Murphy’s stores, 1435 BWS liquor stores and 354 hotels which house 12,700 poker machines.
It was also highly critical of Mr Wavish’s most recent corporate directorships at Dick Smith and Myer which “have resulted in a fair degree of subsequent public scrutiny”. “To be clear, we note Mr Wavish was not found to be legally guilty of any wrongdoing at Dick Smith. Still, we believe Mr Wavish’s track record on corporate boards may raise serious questions regarding whether he would be the best candidate to provide strong oversight in this case.”
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