The appointment of Peter Warne and Pippa Downes to the Virgin board presents thorny conflict of interest issues at AusSuper and UniSuper.
directors Peter Warne and Pippa Downes will need to exclude themselves from any discussions about the airline and its forthcoming IPO in their roles on the investment committees of two of the nation’s biggest super funds.
It is understood both would recuse themselves from any discussions about the airline if these talks made it to their powerful investment committees, under both the UniSuper and AustralianSuper conflict management policies. Ms Downes is a former Goldman Sachs managing director who, along with her role at AusSuper, is also on the board of property group Ingenia and legal software-as-a-service play Australian Technology Innovators.
“It has been a very impressive turnaround ... [it] has been a lot quicker than what was generally expected,” he said.sold its position at the start of the pandemicMr Wilson said the $2.5 billion in first half revenue that the airline revealed this week was admirable, and the ability to turn a profit for the first time in several years pointed to strong cost control.
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