Woodside directors regroup after shareholder vote revolt

By Angela Macdonald-Smith, Julie-Anne Sprague
Updated August 2 2014 - 1:13am, first published 12:40am
Woodside chief executive Peter Coleman and chairman Michael Chaney after the meeting in Perth on Friday. Photo: Phillip Gostellow
Woodside chief executive Peter Coleman and chairman Michael Chaney after the meeting in Perth on Friday. Photo: Phillip Gostellow

Woodside Petroleum chairman Michael Chaney insists the board still has the confidence of shareholders despite the rejection of a proposed $US2.7 billion buyback of shares from Royal Dutch Shell.