Nicholas Whitlam

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Nicholas Whitlam
Born Nicholas Richard Whitlam
(1945-12-06) 6 December 1945 (age 70)
Alma mater Harvard College (1967);
London Business School (1969)
Parent(s) Gough Whitlam;
Margaret Whitlam
Website www.nicholaswhitlam.com

Nicholas Richard Whitlam (born 6 December 1945) is an Australian businessman and corporate director. He is the son of former Prime Minister Gough Whitlam and Margaret Whitlam.

Career[edit]

He first became publicly prominent in 1981 when he was appointed chief executive of the State Bank of New South Wales. Subsequent roles include Whitlam Turnbull & Co (an investment banking partnership with future Prime Minister Malcolm Turnbull and former Premier of New South Wales Neville Wran), and the chairmanship of the NRMA Group. Whitlam was the key figure in the 2000 demutualization and listing of NRMA Insurance Limited, the country's largest insurance company, now known as Insurance Australia Group Limited (IAG).

In 2002, the Australian Securities and Investments Commission (ASIC), a corporate regulator, initiated civil proceedings against Whitlam alleging breaches of his NRMA director's duties in relation to his not signing a proxy vote, containing of 3793 votes, directing him to vote against a motion about the remuneration of directors.[1] The court ruled that he had breached his duties as a director and banned him from being a director of any company for five years.[2][3] Whitlam appealed the judgement. The New South Wales Court of Appeal found that he had not breached his duties as a director and reversed the ruling. ASIC decided not to pursue the case to the High Court of Australia .[4][5]

Whitlam is a graduate of Harvard College (AB cum laude, 1967) and the London Business School (MSc, 1969).

He has served as Chairman of the Australian Graduate School of Management at the University of New South Wales, and has an honorary doctorate from that university.

Personal[edit]

He has been married to Judith (née Frye) since 1973; she was a publicist for Vidal Sassoon and the Savoy Hotel. Believing they were unable to conceive children of their own, they adopted a girl (Alice) from Thailand and a boy (Edward) from Colombia. Then Judith became pregnant, and their son (Peter Gough) was born in 1982; he has severe mental and physical disabilities.[6]

References[edit]

  1. ^ Long, Stephen (15 August 2002). "Nicholas Whitlam barred from being a company director". 
  2. ^ http://www.allens.com.au/pubs/cg/cd2sep03.htm
  3. ^ https://www.law.unimelb.edu.au/bulletins/archive/Bulletin0059.htm#(A)courtfinds
  4. ^ Stephens, Tony (12 October 2004). "It's time to tell my side, says Nick Whitlam". 
  5. ^ http://www.allens.com.au/pubs/cg/cd2sep03.htm
  6. ^ Richard Guilliatt, "Nick Whitlam: his part in his downfall", The Age, 23 November 2002, Good Weekend, p. 20

External links[edit]