Original article by Paul Garvey
The Australian – Page: 20 : 15-Jun-17

BHP Billiton will shortly select a successor to chairman Jac Nasser, but Elliott Management says the resources group should use the leadership change to undertake sweeping changes to its board. The activist hedge fund argues that many directors have been the board for a long time and approved acquisitions and share buybacks that have contributed to BHP’s underperformance. There is support among BHP shareholders for Elliott’s proposal to divest its petroleum assets, although some of the hedge fund’s other proposals have gained little traction.

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BHP BILLITON LIMITED – ASX BHP, ELLIOTT MANAGEMENT CORPORATION, AMP CAPITAL INVESTORS LIMITED, AMCOR LIMITED – ASX AMC, ORICA LIMITED – ASX ORI, WESTPAC BANKING CORPORATION – ASX WBC