Nine chair Catherine West has assured shareholders the company is not afraid "to do what needs to be done" against unacceptable behaviour after the media giant publicly released a scathing external review of its organisational culture last month.

The Board of Nine supported an independent review of the company's workplace, conducted by organisational culture experts, Intersection. The review involved a company-wide survey and comprehensive interviews with members of the TV News & Current Affairs department. The report was released to the workforce and shared publicly in October 2024.

The report indicated that while progress has been made in driving cultural change at Nine, more work needs to be done. It highlighted issues of sexual harassment, bullying, misuse of power, and inappropriate behaviour at Nine. The Board has made it clear that such conduct has no place at Nine and there will be consequences for people engaging in such conduct.

"As a community and a nation, we have learnt a lot from the Respect at Work research which has led to changes in the law. We have learnt that the way businesses have been handling issues of misconduct has not been effective and needs to change," said West during the AGM. "While the vast majority of people at Nine are doing the right thing, the behaviour outlined in the report is unacceptable."

The Board and management are focused on the response to the review and the acceleration of work to strengthen culture across the business. "On behalf of the Board, I can assure you we will do what needs to be done," West stated.

As part of her presentation, the chair said the Board acknowledged the contributions of previous Chair Peter Costello and CEO Mike Sneesby and was now committed to a refresh as part of renewal and succession plans. Matt Stanton has assumed the CEO’s role to ensure Nine does not lose any momentum in the business.

Despite a challenging external environment, Nine's 2024 financial year saw strong performance across its integrated audience platforms. Nine enters the 2025 financial year with momentum after the successful broadcast of the Olympic Games and Paralympic Games from Paris. Nine's strategy is to drive returns from investments through a cross-platform strategy.

"I thank shareholders for your continuing support and remain confident Nine is well positioned for growth and sustainable returns for shareholders." West concluded.