Gina Rinehart has ramped up pressure on Fairfax Media after being overlooked for a board seat, warning that the current board was failing shareholders, reports the SMH. The world’s richest woman steered clear of discussing the apparent snub when she failed to win a board position this week but indicated that the shake-up at Fairfax will need to go further. "We welcome changes to the board of Fairfax as it is quite evident that the market understands that the approach of the current board is not delivering for the owners of the company," she said.