ACSI warns of significant damage over harassment
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Meet the woman heading $1 trillion investor group ACSI unseating corporate Australia s main men for their misdeeds
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DecDecember 2020 at 10:50pm
ACSI chief executive Louise Davidson says they are among a number of investor groups having frank conversations with company directors about their culture.
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When news emerged that Boe Pahari was promoted to run AMP s largest and most profitable division, AMP Capital, after a former female employee had settled a sexual harassment claim with the financial services giant, investors reacted.
Key points:
Its CEO had a busy year dealing with the chairmen of AMP and Rio Tinto
Inside job: Rioâs appointment reveals board s tin ear
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December 19, 2020 â 12.00am
December 19, 2020 â 12.00am
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Rio Tintoâs decision to appoint an insider based in London as its new leader epitomises a board with a tin ear.
After everything it has gone through, been accused of and apologised for, the appointment of its chief financial officer Jakob Stausholm as the new chief executive raises the question - what has fundamentally changed?
Jakob Stausholm, Rio Tintoâs new chief executive.
Rioâs statement to the ASX announcing the appointment speaks volumes about the companyâs disconnect with reality. Instead of addressing the elephant in the room, its destruction of the priceless heritage sites at Juukan Gorge due to a culture focused on profit, it played up the new appointee as a numbers man.