WiseTech's White Misled Board on Relationships, No Action Taken

An independent review into WiseTech Global's founder Richard White revealed he misled the board regarding personal relationships with an employee and a supplier, with findings indicating incomplete disclosures and undisclosed conflicts of interest. Despite these serious findings, WiseTech's new board has decided to take no action against White, who recently returned as executive chairman after stepping down last October amidst a scandal involving allegations of misconduct. The review, conducted by Seyfarth Shaw, also cleared him of more severe allegations, including discrimination and inappropriate conduct. However, the company has not disclosed the full report, leading to concerns about transparency. The board acknowledged that White's conduct was unacceptable and plans to appoint an independent director to bolster governance. The situation remains contentious as WiseTech continues to navigate the fallout from these revelations.