Rio Tinto CEO's fate in balance as board to meet after blasting of Aboriginal site
8 September 2020
The fate of Rio Tinto boss Jean-Sébastien Jacques is in the balance as shareholder pressure mounts for executive scalps [...].
Ian Silk, the chief executive of Australia’s largest superannuation fund, AustralianSuper, said the “penalties fall significantly short of appropriate accountability for those responsible” and the Australian Council of Superannuation Investors chief executive, Louise Davidson, said executive accountability needed to go “further than just a financial penalty”.
[...] UK-based Local Authority Pension fund (LAPFF), worth £300bn ($540bn), piled more pressure on the Rio Tinto board [...].
The PKKP people said the destruction of the site – which has triggered global condemnation of the company, a review of WA’s outdated Aboriginal heritage legislation and a federal parliamentary inquiry – was “soul-destroying”.