THE DISTILLERY: Wayward Leighton

Jotters suggest Hochtief was only lenient while Leighton performed, but one says the group has faced governance issues since losing Wal King.

Three of Australia’s leading business scribes have been watching the unravelling of Leighton Holdings' awkward relationship with German majority shareholder Hochtief, which is majority owned by Spain’s ACS. With chairman Stephen Johns and independent directors Ian Macfarlane and Wayne Osborn gone, what do we make of the two remaining independents?

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