Conflict of Interest Row Ousts Fairfax Deputy-Chairman

04 February 2008


SYDNEY: Fairfax Media, the largest integrated metropolitan, rural and regional, print and online digital media company in Australasia, last week lost its deputy-chairman Mark Burrows.

He offered his resignation after fellow board members declared their disapproval of his playing a key advisory role in James Packer's and Lachlan Murdoch's recent privatisation of rival firm Consolidated Media Holdings

A twelve-year veteran of the Fairfax board, Burrows insisted he had done nothing wrong.

He did, however, concede that "perceptions of a potential conflict have arisen and that these perceptions are not in the best interests of Fairfax or the proposed transaction".

Burrows quit after two meetings in his Sydney offices with Fairfax chairman, Ron Walker, which in turn followed a series of meetings with other directors.

Data sourced from Sydney Morning Herald; additional content by WARC staff