Qantas Group Chairman Resists Calls for Resignation Amidst Intensifying Scrutiny

Richard Goyder, the chairman of Qantas Group, is facing calls for his resignation from the Australian Shareholders Association (ASA), following criticism of the board’s oversight amid a series of scandals. Goyder, who appeared before a Senate Select Committee hearing in Canberra, rebuffed the calls, asserting the support of major shareholders. The ASA’s CEO, Rachel Waterhouse, urged Goyder to step down, citing concerns over the company’s practices during the pandemic, including refund issues and controversial decisions.

The Qantas Group, comprising Qantas, QantasLink, Jetstar Airways, and Qantas Freight, has encountered heightened scrutiny over corporate behavior, internal controversies, and the abrupt departure of former CEO Alan Joyce. Goyder defended his position, stating that he has met with top shareholders and retains their support.

As the ASA represents retail investors who acquired shares during Qantas’ public offering in 1995, Goyder emphasized continuity in leadership during the transition to the new CEO, Vanessa Hudson. The Qantas Group faced further questioning during the hearing regarding its interference in Qatar Airways’ application to increase flights to certain Australian airports, a denied request that has become a contentious political issue.

Amidst the intensifying scrutiny, Goyder remains steadfast, highlighting the need for stability in leadership and continuing support from major shareholders. The call for his resignation underscores the challenges facing the Qantas Group in addressing both internal and external concerns.