SCA board addresses workplace culture, gambling ads, and ‘economically unsustainable’ ownership laws

Shareholders instigated a first strike against the company’s ­renumeration report, but SCA’s board members largely avoided the heat at its AGM on Monday, outlining plans to “dispose” of its regional TV assets and pointing out its positive score card in regards to workplace culture.

SCA chairman, Heith Mackay-Cruise, used his address to rally against “the destruction caused” by the expensive, prolonged and unsuccessful ARN takeover proposal. 

“While our management team did not lose focus on daily business activities during this process, it did disrupt radio advertising markets, hampering our ability to monetise our audiences and we delayed certain business transformation initiatives,” Mackay-Cruise said.