Original article by Peter Ker
The Australian Financial Review – Page: 25 : 4-May-17

Todd Warren of Colonial First State Global Asset Management supports Rio Tinto’s revelation that CEO Jean-Sebastien Jacques has been given a 10-year contract. He argues that such a contract allows management to make decisions with a company’s long-term interests in mind. Warren and Peter O’Connor of Shaw & Partners are both of the view that CEOs with long mandates should be subject to short-term performance standards. The length of Jacques contract was not specified when he was appointed in March 2016.

CORPORATES
RIO TINTO LIMITED – ASX RIO, COLONIAL FIRST STATE GLOBAL ASSET MANAGEMENT, SHAW AND PARTNERS LIMITED, ORIGIN ENERGY LIMITED – ASX ORG, LEIGHTON HOLDINGS LIMITED, WORLEYPARSONS LIMITED – ASX WOR