Rio was legally cramped to go harder on execs

Original article by Peter Ker
The Australian Financial Review – Page: 16 : 12-Apr-21

Rio Tinto has attracted much criticism over its generous severance packages in the wake of the Juukan Gorge scandal. However, the head of Rio Tinto’s remuneration committee has told the annual general meeting in London that the board had decided that it was not legally able to cancel the termination payouts of former CEO Jean-Sebastien Jacques and two other senior executives. The issue of Juukan Gorge was not raised by British shareholders, although it is likely to receive attention at the Australian leg of Rio Tinto’s annual general meeting on 6 May.


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