| Good morning all, it's Chris here coming to you from chilly Melbourne. Here's what's happening in our region today.
Today's must-reads: Boardroom Blitz. For years, Australia's male-dominated cohort of chairmen and non-executive directors has long been accused of failing to keep management in check, and of serving each other as much as shareholders. Activists have lost patience and there are signs that firms are finally getting the message.
In the Deep End. Penny Wong has already made history as both the first Asian-born and openly gay woman to become Australia's top diplomat. We profile the new foreign minister, who is already confronting the nation's most difficult geopolitical challenge in decades.
Healthy Bid. A consortium led by private equity giant KKR & Co. has begun soliciting investors to take over Ramsay Health Care Ltd.'s A$8 billion ($5.8 billion) real estate portfolio, as the group seeks to buy out the Australian hospitals operator, according to people familiar with the matter. Calling Time. Sheryl Sandberg is stepping down as Meta's COO after a 14-year run that made her one of the most powerful women in Silicon Valley. The 52-year-old will remain on the board of the company that controls Facebook, Instagram and WhatsApp. She told Bloomberg TV she plans to focus on her foundation and that taking another job or pursuing politics was "pretty unlikely." Javier Olivan will become the next COO. Shares fell. Ruffling Feathers. Morale is shaky at Twitter. Employees are enduring the whiplash of commentary from future owner Elon Musk, leadership changes and a hiring freeze — and some will also be assigned new jobs as it shifts from riskier projects. Adding to the stress: Musk apparently sent an email to Tesla staff with a subject line: "Remote work is no longer acceptble" [sic]. That policy runs counter toTwitter's current stance. Hurricane Season. Stocks in Asia are poised to open steady Thursday as central banks amplify hawkish messages in their quest to rein in inflation and JPMorgan Chase & Co.'s Jamie Dimon sounded alarm bells, warning investors to prepare for an economic "hurricane." Treasury yields and the dollar advanced. Meanwhile, the Biden administration is divided over how much further to sanction Russia without sparking global economic instability and fracturing transatlantic unity.  The lobby bar at the Wall Street Hotel. A new hangout in the birthplace of finance. The Wall Street Hotel in Lower Manhattan opens this week, owned by Australian pearl dynasty the Paspaley family. Paintings and prints from leading Indigenous Australian artists line many corridors and can be found inside the rooms. | 
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