Investors lead backlash against Rio Tinto over destruction of Aboriginal sites. Plus a warning from ecoDa on sustainability, and analysis of Australia’s audit market.
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Fallout for Rio Tinto
The equivalent of going nuclear in governance is clearing out a company’s leadership. This week investors managed to detonate a bomb under Rio Tinto when the chief executive, Jean-Sébastien Jacques, resigned over the destruction of Aboriginal cultural sites in Australia. Two other senior executives are also set to leave the company.
Calls for the CEO’s departure emerged in early August after Rio Tinto destroyed caves at Juukan Gorge, a site used as shelter by Aboriginal people for thousands of years. Reports suggest the company was aware of their significance. The caves were destroyed as part of an expansion of
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