Northern Star’s future depends on an independent chairman

In November 2016, Northern Star (NST) appointed Bill Beament from Managing Director to Executive Chairman, which drew criticism from shareholders who believe that executive chairpeople should be independent of management and have no executive role in the company.  NST continued to appoint Beament as their Executive Chairman despite knowing that the appointment would raise concerns from shareholders. Beament’s autocratic management style is unnerving. Coupled with poor relationships with joint venture partners on projects like the East Kundana Joint Venture. He seeks to apply an oppressive management style. This will lead…

Beament’s Public Relations team can’t hold on much longer

Public relations (PR) professionals are often called upon to create and build up the image of an organisation or an individual and to give support when issues arise. What happens when situations turn awry and the PR finds it difficult to do damage control? With Beament’s autocratic style, personal crisis, and massive sell-downs, his PR team can no longer hold on.  Beament’s PR team can only withhold or prop things up for so long. The truth eventually comes out and when it does, Beament will need to further resort to…