Discuss the possible governance failures

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Australia Post chief executive Christine Holgate had resigned two weeks after the Prime Minister called for an investigation into the postal service over the purchase of luxury watches for executives. Christine Holgate said the investigation was impacting her health and the ability of Australia Post to do its job. Her resignation came after Communications Minister Paul Fletcher and Prime Minister Scott Morrison demanded an investigation into the purchase of four Cartier watches worth $20,000 as gifts to senior executives in 2018.

https://www.abc.net.au/news/2020-11-02/australia-post-ceo-christine-holgate-resigns/12839502

Discuss the possible governance failures behind the purchase of luxury watches and whether Christine Holgate had breached any corporate governance principles. Students may want to make reference to the ASX Corporate Governance Principles (4th edition, 2019) and discuss

Reference no: EM132866236

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