Business
Investors teamed up to roast Rio over rock shelter blast, warn departures are first step – Sydney Morning Herald
A group of 11 investors ramped up pressure on Rio Tinto’s board before the removal of CEO Jean-Sebastien Jacques.
“We were concerned, and we wanted to see action,” said Liza McDonald, the fund’s head of responsible investments.
“Collective engagement so the board is hearing the same consistent message about actions and outcomes is an important tool that we have.”
Aware Super, formerly known as First State Super, said the board’s announcement on Friday that three top Rio Tinto executives, including Mr Jacques, iron ore boss Chris Salisbury and corporate affairs boss Simone Niven, would be leaving reflected…
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