Mike Cannon-Brookes and the battle for AGL

Chanticleer columnist James Thomson on what the boardroom fight means for AGL Australia and why big companies around the world are watching closely. Background reading: 'Lights would go out' under Cannon-Brookes' 1.5 degree target AGL Energy chairman Patricia McKenzie said the faster closure of coal power plants as demanded by the company’s biggest shareholder Mike Cannon-Brookes is just not possible. Cannon-Brookes’ big win in AGL proxy war puts heat on board Proxy advisers have backed Mike Cannon-Brookes’ nominees for the AGL board, and opened a potential new line of attack for the billionaire. Three megatrends collide in Cannon-Brookes, Brookfield’s AGL bid The speed of the energy transition, the rise and rise of private capital and the emergence of billionaire activists are all at play in the offer. For more stories about business, markets and politics, subscribe to The Australian Financial Review at afr.com/subscribeSee omnystudio.com/listener for privacy information.