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Richard White remains under pressure at the helm of WiseTech Global, with ASIC launching a probe into the tech giant and the Australian Shareholders’ Association flagging “significant governance concerns" as it calls for the appointment of an independent chair and a majority of independent directors.

Meanwhile, Woolworths boss Amanda Bardwell will take an axe to the group's back-office operations and cut $400m in costs as she reinvests some of those savings into luring back dissatisfied shoppers, admitting the retailer needs “to do better” after disappointing earnings. 

And ASIC’s push to regulate the private markets sector is unwelcome , says Association of Superannuation Funds CEO Mary Delahunty, who fears the costs of any increased regulatory burden would eat into members’ retirement funds.