September 12, 2020

“Hesta, which manages A$52bn in funds, said it was (encouraging) Rio to launch an ‘independent and transparent review’ of all current agreements between the company and traditional landowners.’The nature of these agreements and how they are negotiated represents a systemic risk for investors that will not be mitigated by executive changes,’ said Debby Blakey, Hesta chief executive. ‘The board has yet to adequately demonstrate to investors that they have appropriate governance and oversight arrangements in place to manage this risk.’”

Financial Times
September 12, 2020

“Going forward, board composition is absolutely critical for Rio Tinto to regain trust with investors and communities.”

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Managing the reputation risk to stakeholders maximizes the returns to shareholders.

For a broader view of reputation risk, discover additional articles by Steel City Re here, mentions of Steel City Re here, and comments on newsworthy topics by Steel City Re here.

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