Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2026
NextDC announces board and governance changes
Company response
NextDC announced board and governance changes ahead of its AGM in response to investor concerns following delays to the M3 Melbourne project and revised FY27 earnings guidance. The announced measures include a chair transition, a board renewal process, withdrawal of a proposed increase to the non-executive director remuneration pool, and reductions in board fees and the CEO's FY27 incentive opportunities.
Stated objective. addressing shareholder concerns
Company response
Personnel action — NextDC
The ASX-listed data centre operator said chairman Douglas Flynn will step down once a successor has been appointed and a short transition period has been completed.
Source excerpt
CEO Craig Scroggie has agreed to forgo both his FY27 short-term incentive and long-term incentive opportunities.
In a further move aimed at addressing shareholder concerns, NextDC has withdrawn its proposed increase in the maximum aggregate remuneration pool for non-executive directors. Incumbent directors have also agreed to an immediate voluntary 10 per cent reduction in board fees.
NextDC has announced a series of board and governance changes ahead of its AGM on 20 November, as the company responds to investor concerns following delays to the M3 Melbourne project and its revised FY27 earnings guidance.