Monday, 19 October, 2020 - 12:56
Crown hit by AUSTRAC inquiry
Australia's anti-money laundering agency has launched a formal investigation into Crown Resorts, which also revealed top executive Barry Felstead has been made redundant.
Helen Coonan is a former Senator for New South Wales, serving in the Australian Parliament from 1996 to 2011. In Parliament, Ms Coonan was deputy leader of the Government in the Senate. She was appointed to Cabinet as the former Minister for Communications, Information Technology and the Arts and was shareholder Minister for Telstra Corporation and Australia Post. She also served as the Minister for Revenue and Assistant Treasurer and had portfolio oversight of the Australian Taxation Office and the Australian Prudential Regulation Authority.
Prior to entering Parliament, Ms Coonan was a lawyer including as principal of her own legal firm, as a partner in law firm Gadens, as a commercial Barrister in Australia, and as an Attorney in New York.
She is the recipient of a Centenary Medal for service to the Australian Parliament.
Ms Coonan is non-executive director of Snowy Hydro and chair of Snowy Hydro Retail Committee. She is also chair of the Sydney Harbour Foreshore Authority, a member of the Advisory Council of JP Morgan, a member of the Board of Advice for Aon Risk Services Australia, and co-chair of GRACosway (a subsidiary of the Clemenger Group). She is non-executive director of Obesity Australia, a trustee of the Sydney Opera House, and a consultant to Samsung Electronics Australia.
Ms Coonan is a member of Chief Executive Women and also serves on the Corporate Council of the European Australian Business Council and the Australia-Israel Chamber of Commerce Advisory Council. She is an Ambassador for the Menzies School of Health Research and of the GUT Foundation, and is on the advisory council of the National Breast Cancer Foundation.
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NEWS: Tagged in Strong criticism of Crown’s WA execs | 09 Feb 2021 |
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REMUNERATION UPDATE: Non-Executive Director, Chair since 2020, Crown Resorts | 02 Nov 2020 |
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REMUNERATION UPDATE: Non-Executive Director, Chair since 2020, Crown Resorts | 24 Aug 2020 |
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REMUNERATION UPDATE: Non-Executive Director, Chair since 2020, Crown Resorts | 30 Jun 2020 |
Australia's anti-money laundering agency has launched a formal investigation into Crown Resorts, which also revealed top executive Barry Felstead has been made redundant.
Crown Resorts chair Helen Coonan has questioned the work of three of her top executives as she sought to defend the gaming company’s board over its own performance.
Crown Resorts has apologised to shareholders for governance and risk management failures unearthed by a NSW inquiry, while an investor revolt prompted a director to resign.
The NSW inquiry into Crown Resorts has made scathing assessments of its key WA executives but director John Poynton has emerged with his reputation intact.
Crown Resorts has promised "root and branch' changes to satisfy NSW regulators threatening to deny it a Sydney gaming licence, ahead of the April expiry of the venue's liquor licence.
The fallout from last week’s NSW report into Crown Resorts has spread, with WA’s chief casino officer stepping aside from the role and the company’s chief executive resigning.
Crown Resorts shareholders have had more bad news after the casino operator revealed a first-half loss of $120 million from coronavirus restrictions.
The Victorian government has called a royal commission into Crown Resorts, which disclosed the resignation of director Harold Mitchell, heaping further pressure on John Poynton.
John Poynton has resigned as a director of Crown Resorts and chairman of Crown Perth, leaving the group bereft of experienced directors or executives in Perth.
Ahead of the royal commission into Crown Perth we look at the changing cast of directors overseeing its WA operations.
The Perth Casino Royal Commission chair has urged the parties involved to be respectful, courteous and to act with integrity as the commission held its second hearing today.
Victoria’s inquiry into Crown Resorts has been told the company was not suitable to hold its casino licence, as WA’s inquiry prepares to call three prominent business figures as witnesses.
The Perth Casino Royal Commission resumes this week and for the first time will question people who oversaw Crown Resorts’ Western Australian operations.
Today's Perth Casino Royal Commission hearing has unearthed the conflict between Burswood Limited director Maryna Fewster and former Crown Resorts director John Poynton, who delivered contradictory testimonies.
Crown's departing executive chair Helen Coonan has defended the company's management clean-out while facing a Western Australian royal commission.
Former Telstra boss Ziggy Switkowksi has been appointed as the new chair of embattled gaming giant Crown Resorts, replacing Helen Coonan whose departure was hinted earlier this month.
Billionaire James Packer has been summoned to face a Western Australian royal commission examining whether Crown should retain its Perth casino licence.
Overhauling embattled casino giant Crown will be a mammoth task, but incoming Crown Resorts chair Ziggy Switkowski has told the Perth Casino Royal Commission it isn’t rocket science.
Position | Company | Year | Company's current rank | WA staff |
---|---|---|---|---|
Non-Executive Chair
|
2019 |
Position | Company | Year | Company's current rank |
---|---|---|---|
Non-Executive Director, Chair since 2020
|
2011 - 2021 | ||
Non-Executive Chair
|
2019 - 2020 |