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Another Crown Resorts director steps down as NSW regulator flexes muscle
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John Poynton has become the fifth Crown Resorts director to step down in less than a month as the company’s boardroom makeover continues in the wake of the recent Bergin Report.
Crown announced Monday morning that Poynton, who had previously resisted calls to step aside, had agreed to make way following pressure from the NSW Independent Liquor and Gaming Authority (ILGA). The Authority had questioned Poynton’s independence from majority shareholder James Packer given his former role as a consultant to Packer’s Consolidated Press Holdings.
“The ILGA has advised Crown that it considers it appropriate that John step down as a director of all companies within the Crown group, due to a perceived lack of independence arising out of his past relationship with Mr James Packer and CPH, notwithstanding the recent termination of John’s consultancy arrangement with CPH,” said Executive Chairman
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