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The latest update is out from Wisetech Global ( (AU:WTC) ).
WiseTech Global has completed a board-commissioned review into matters relating to its co‑founder and executive chair, Richard White, following earlier media reports and internal complaints. External law firms Herbert Smith Freehills and Seyfarth Shaw, supported by forensic accountants McGrathNicol, investigated three outstanding matters and two additional lines of inquiry, with Seyfarth confirming there are no further issues requiring determination or additional enquiry. The board says it is satisfied it now has all relevant information, and has used the process to reassess and refine its governance framework, including its Code of Conduct, whistleblower and “safe to speak up” mechanisms, and staff support programs, signalling an emphasis on maintaining robust compliance and employee reporting channels.
The most recent analyst rating on (AU:WTC) stock is a Buy with a A$109.15 price target. To see the full list of analyst forecasts on Wisetech Global stock, see the AU:WTC Stock Forecast page.
More about Wisetech Global
WiseTech Global is an Australian-based developer and provider of software solutions for the logistics, global trade and supply chain industries. Its flagship CargoWise platform and related applications serve over 17,000 logistics companies in 193 countries, including most of the world’s largest third-party logistics providers and freight forwarders, with a focus on productivity, integration, compliance and global reach.
Average Trading Volume: 1,039,190
Technical Sentiment Signal: Sell
Current Market Cap: A$22.85B
Learn more about WTC stock on TipRanks’ Stock Analysis page.