Shareholders nix Rio Tinto pay report after rock shelter outrage in Australia
Outgoing CEO Jean-Sébastien Jacques’s pay in 2020 was £13.3m, 20% up on the previous year
09 April 2021 - 16:23
London — Shareholders, including Norges Bank and the UK Local Authority Pension Fund Forum (LAPFF), said they voted against Rio Tinto’s remuneration report at its London AGM on Friday.
In September, Rio Tinto dismissed former CEO Jean-Sébastien Jacques and two deputies, four months after the company destroyed ancient rock shelters at Juukan Gorge in Australia as part of an iron ore exploration project, causing a public outcry...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.