Given the way in which of this stuff, a shareholder wasn’t anticipating to get fairly as a lot candour as he did on the Brambles’ AGM yesterday.
Associated get together transaction disclosure is fairly poor at ASX-listed corporations, so when a query was thrown on the Australian-based managing director of Arnott’s, George Zoghbi, at yesterday’s Brambles AGM, you may anticipate the chairman to mumble one thing concerning the legislation not requiring disclosure — on this case on how a lot Arnott’s spends annually shopping for pallets from Brambles’ provide chain firm CHEP.
As an alternative, chairman John Mullen, who can be the long-serving chairman of Telstra, instantly piped as much as clarify that Arnott’s buys its pallets from a rival provider to Brambles.
Oh, pricey. How embarrassing for the Arnott’s MD, who has been on the Brambles board since January 2016 and has been the Sydney-based CEO of Arnott’s because the starting of 2020.
Learn extra about which Arnott’s biscuits the Brambles’ board chows down on at its conferences.
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