Page 2 - Simone Niven News Today

“Instead, it was more appropriate that the three executives’ employment be terminated by mutual agreement (acknowledging the potential adverse effect that this may have on their longer-term careers).” Laidlaw said under Rio’s new pay arrangements, compliance with policy, environmental, social and governance measures would make up 15% of short-term bonuses. This will be achieved by reducing the proportion of bonuses linked to individual performance from 30% to 15%. “We have also import...

Last modified on Thu 6 May 2021 16.04 EDT Rio Tinto’s shareholders have rebelled against the board’s decision to pay its outgoing chief executive his biggest ever pay packet despite overseeing the destruction of the sacred 46,000-year-old rock shelters at Juukan Gorge in Western Australia. Shareholders voted 61% against the miner’s remuneration policy, which handed a £7.2m pay packet to the disgraced former chief executive Jean-Sébastien Jacques for last year, a 20% rise on...

Rio Tinto shareholders rebel against ex-chief executive’s £7.2m bonus Jillian Ambrose Rio Tinto’s shareholders have rebelled against the board’s decision to pay its outgoing chief executive his biggest ever pay packet despite overseeing the destruction of the sacred 46,000-year-old rock shelters at Juukan Gorge in Western Australia. Shareholders dealt the Anglo-Australian company a bloody nose after 61% voted against the miner’s remuneration policy, which handed a £7.2...

Indigenous groups’ high regard for the former CSIRO boss has convinced AustralianSuper to back her re-election to the board of Rio Tinto.

The establishment investor believes Rio Tinto will be better for the executive and boardroom clean out that followed destruction of Juukan Gorge.

Rio Tinto chairman Simon Thompson says he is accountable for the mining giant destroying sacred Indigenous sites in Australia to access iron ore and he will not seek reelection as a board director next year

Rio Tinto chairman Simon Thompson is departing not because of the Juukan Gorge disaster itself, but for his handling of its aftermath. 

Last modified on Wed 3 Mar 2021 10.01 EST Rio Tinto’s chairman will stand down amid an outcry over the miner’s destruction of a 46,000-year-old sacred indigenous site in Western Australia. Simon Thompson will leave Rio Tinto within the next year after accepting he was “ultimately accountable” for the company’s decision to blow up ancient rock shelters at Juukan Gorge in the Pilbara. Rio Tinto blew up the rock shelters, which were highly significant to the area’s Aboriginal tradition...

Simon Thompsons decision not to stand for reelection to the board comes after a spate of top-level resignations following the incident in Australia.

Rio Tintos chairman Simon Thompson to step down in latest shakeup following Indigenous cave destruction CNN 3/3/2021 By Laura He, CNN Business © Luke MacGregor/Bloomberg via Getty Images Simon Thompson will step down as chairman of Rio Tinto in 2022. Rio Tinto Chairman Simon Thompson is stepping down over the companys destruction of a 46,000-year-old, sacred Indigenous site in Australia, becoming the latest in a string of departures connected to the event. Thompson, who ha...