Reports indicate that Australian law firm Slater & Gordon is preparing to list on the Australian Stock Exchange. ‘The Age’ reported that the firm was drafting documentation and had appointed two independent non-executive directors ahead of the probable move.
Managing director Andrew Grech revealed former Commonwealth Bank board member and ACTU vice-president Anna Booth had agreed to take on the roles of non-executive chairwoman and non-executive director.
The other non-executive chairman will be Ian Court, a director of Utilities of Australia and Pacific Hydro, and also formerly a senior ACTU official. The appointments will further cement the firm’s already strong union ties. Slater & Gordon advised the ACTU and an asbestos victims’ group during negotiations with James Hardie.
Mr Grech said there would be no change to the way the company operated if it failed to list. “Staff, clients and opponents would see business as usual when dealing with Slater & Gordon,” he said.