Qantas Airways Limited (AU:QAN) has released an update.
Qantas Airways has unveiled a comprehensive governance review prompted by past shortcomings in management decisions, which tarnished the airline’s reputation and customer trust. The review, spearheaded by business adviser Tom Saar, culminated in 32 recommendations aiming to bolster governance and decision-making, with many already being implemented, including a revamp of the Group’s remuneration framework and enhanced Board oversight. Furthermore, the airline is undergoing leadership changes, with Chairman Richard Goyder stepping down in September 2024 to be succeeded by John Mullen, reflecting a broader push for organizational renewal.
For further insights into AU:QAN stock, check out TipRanks’ Stock Analysis page.