EXECUTIVES – DISMISSAL OF – AUSTRALIA

Sacked Rio exec set for legal stoush

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Original article by Peter Ker
The Australian Financial Review – Page: 1 & 12 : 18-Nov-16

Bold Baatar will succeed Alan Davies as CEO of Rio Tinto’s energy and minerals division, after the latter was dismissed following an internal investigation into a scandal regarding the Simandou iron ore project in Guinea. Davies has criticised Rio’s handling of the investigation, and he intends to take legal action over his dismissal. Rio has also sacked its head of legal affairs, Debra Valentine. The $US10.5m payment to a consultant in Guinea has been referred to regulatory authorities in Australia, the US and the UK.

CORPORATES
RIO TINTO LIMITED – ASX RIO, THE MELBOURNE MINING CLUB, AUSTRALIAN FEDERAL POLICE

Executives warned to look closely at redundancy clauses

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Original article by Jenny Wiggins
The Australian Financial Review – Page: 3 : 29-Jan-15

A Supreme Court of New South Wales ruling has overturned a decision by the District Court that ex-UGL Rail Services executive John Janik was owed a redundancy payment worth $A288,000. The appeal judges found that the company was correct in arguing that the replacement for Janik was carrying out the same duties and the role had therefore not been abolished. Legal experts are advising dismissed managers to carefully consider whether to launch such law suits

CORPORATES
UGL LIMITED – ASX UGL, UGL RAIL SERVICES PTY LTD, HOLDING REDLICH LAWYERS AND CONSULTANTS, DISTRICT COURT OF NEW SOUTH WALES, SUPREME COURT OF NEW SOUTH WALES

Myer sacks exec over false employment claims

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Original article by Michael Bennet
The Australian – Page: 21 : 25-Jun-14

Australian department stores chain Myer in mid-June 2014 appointed Andrew Flanagan its new strategy and business development GM. It pointed out at the time that he had a wide-ranging background in the retailing sector, including a role at the Inditex Group of Spain that owns clothing stores business Zara. However the latter then said it had never employed Flanagan, and Myer on 24 June announced Flanagan’s dismissal. Court action is also possible over the deception

CORPORATES
MYER HOLDINGS LIMITED – ASX MYR, ZARA, INDITEX SA, TESCO PLC, WAL-MART STORES INCORPORATED, QUEST PERSONNEL, DEUTSCHE BANK AG, PREMIER INVESTMENTS LIMITED – ASX PMV, SPECIALTY FASHION GROUP LIMITED – ASX SFH