Rio Tinto board must admit mistakes to rebuild standing
13 September 2020
[...] Rio Tinto's investors and Indigenous leaders are calling for an independent review of the company's treatment of all traditional owners across its wider Australian operations after a previous company led inquiry into the blast was widely panned.
Australian superannuation giant HESTA has been leading the charge for Rio Tinto to go further than showing the CEO the door. The fund's chief executive, Debby Blakey, has made it clear she believes the board is yet to adequately demonstrate to investors that they have appropriate governance and oversight arrangements in place to manage this risk.
There is no doubt the board has some more explaining to do. It needs to come to terms with a world where delivering a healthy bottom line is not enough. [...]