Equality stalls Down Under; narcissistic CEOs; EY to poll partners on audit split; SEC pushes on with climate reporting introduction.
The board has faced intense criticism from investors since the company’s destruction of the Juukan Gorge rock shelters last year.
Investigation concludes the relationship between the Rio Tinto board and CEO was a key factor in the Juukan Gorge scandal.
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.
The announcement comes after investor pressure over the company’s destruction of the Juukan Gorge rock shelters.
Figures reveal that chief executive pay in Australia has reached record levels for the ASX 100.
Australia’s largest bank receives AU$700m fine for failings on money laundering regulation, thought to be the biggest civil penalty ever imposed in Australia.
In Australia recently, shareholders filed legal action against Commonwealth Bank—it had allegedly failed to disclose climate risk accurately. Could this be the first of many such cases? How should directors report on climate change risks in the face of an uncertain future?
Many unhappy shareholders opt for class action to settle their grievances. But what role does an overconfident chief executive play in causing these?
Shareholder activism is growing over executive remuneration under Australia’s “two-strike” rule.