Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Former chair ousted from Clime board

Clime/board/shareholders/Neil-Schafer/

9 August 2021
| By Laura Dew |
image
image image
expand image

Clime shareholders have voted to remove former chair Neil Schafer as a director at the firm.

The motion was passed at an extraordinary general meeting held on 6 August.

In a statement to the Australian Securities Exchange (ASX), the firm said 94% of shareholder voters voted in favour of his removal while 4.9% were against and 0.14% abstained.

No reason by the firm was given as to the reason for Schafer’s dismissal which had initially been proposed by shareholder Locope.

Money Management contacted Clime for more information but chief executive Annick Donat declined to comment beyond the ASX statement.

Schafer was initially an independent director but had been working as co-chief executive of the firm with Brett Spork following the exit of Rod Bristow in November 2020. This post was later taken by Donat who joined Clime in May.

He also served as a chair until April 2021 when he became a non-executive director.

 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

1 week 4 days ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

2 weeks 4 days ago

So we are now underwriting criminal scams?...

6 months 3 weeks ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

1 week 6 days ago

A professional year supervisor has been banned for five years after advice provided by his provisional relevant provider was deemed to be inappropriate, the first time th...

3 weeks 4 days ago

WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial ...

2 weeks 2 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 3 y p.a(%)
3