Engagement rationale
We have been engaging with one of the healthcare providers on governance and succession planning. The company had communicated to the market in recent years that it was undertaking a process to appoint a new CEO. However, the process was protracted, creating continued uncertainty and an overhang for shareholders.
Our engagement
We maintained regular engagement with the company throughout this period, seeking greater clarity on the succession process and its expected timeline.
Outcomes
This uncertainty has now been resolved, with the company announcing the appointment of one of its internal candidates as CEO.