“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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