WiseTech Founder Retains Role Despite Confirmed Misconduct and Ongoing Regulatory Probe

Richard White remains executive chairman as WiseTech pledges governance reforms following board resignations and ethical lapses.

An internal review confirmed Richard White misled the WiseTech board about personal relationships, prompting criticism but no direct consequences for his role.
Four independent directors resigned in February after citing irreconcilable differences with White over his continued leadership.
The Australian Securities and Investments Commission (ASIC) has launched a preliminary inquiry into WiseTech, including White's $200 million share sale during a trading blackout.
WiseTech's stock has dropped over 35% in six months, reflecting investor concerns about the company's governance and leadership stability.
The company has committed to stricter codes of conduct, with its board emphasizing the importance of avoiding similar ethical breaches in the future.