Despite questions and risks from WiseTech Global's (ASX:WTC) governance, the company's strong market position, growth potential, and attractive valuations make it hard to ignore, according to a Tuesday report by the Australian, citing RBC Capital Market.
On Monday, the company said while there is "overwhelming" support for the involvement of Executive Chair Richard White in the firm, shareholders want to see a clear succession plan.
The shareholders also 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.
White stepped down as CEO in October 2024 following misconduct complaints but returned as executive chairman in February, after four directors resigned over his role at the company, RBC noted.
RBC Capital upgraded WTC's rating to outperform with a price target of AU$110.
Shares of the company rose past 2% at market close.
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