WiseTech Global (ASX:WTC) said while there is "overwhelming" support for the involvement of Chief Executive Richard White's in the firm, shareholders want to see a clear succession plan, according to a Monday Australian bourse filing.
They expect a gradual and orderly transition to a new CEO, supported by White.
The company had commissioned an external advisory firm to conduct a survey of the top 50 large domestic and international institutional shareholders.
The shareholders expect the firm to publish a summary of the findings of the board review into matters relating to White, conducted by Herbert Smith Freehills and Seyfarth Shaw, to rebuild confidence. They also expect the firm to strengthen the independence of its board via the appointment of new independent non-executive directors.
The board released an update to its findings on March 19 and announced the appointment of independent directors. Its board and chair are working on a succession plan.
The company's shares fell past 1% in recent trading on Monday, earlier hitting a 52-week low.
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