STOCKHOLDERS’ MEETINGS – GREAT BRITAIN

Rio was legally cramped to go harder on execs

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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.

CORPORATES
RIO TINTO LIMITED – ASX RIO

Rio links pay to climate change

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Original article by Nick Evans, Perry Williams
The Australian – Page: 19 & 22 : 12-Apr-19

Shareholders at Rio Tinto’s annual meeting in London have been told that progress in achieving greenhouse gas emission reduction targets could be included in its performance bonus system. A revised executive incentive scheme will be put to shareholders in 2021, and chairman Simon Thompson said short-term bonus plans could potentially be linked to its emission reduction targets. He has ruled out setting targets for Rio Tinto’s customers to reduce their own carbon emissions. A resolution on the issue will be put to the Australian annual meeting in May.

CORPORATES
RIO TINTO LIMITED – ASX RIO, CLIMATE ACTION 100+, ALUMINIUM CORPORATION OF CHINA LIMITED, BHP GROUP LIMITED – ASX BHP, UBS HOLDINGS PTY LTD, ROYAL DUTCH SHELL PLC

‘Foundations are strong’, says new BHP chairman

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Original article by Darren Gray
The Sydney Morning Herald – Page: Online : 20-Oct-17

Former Amcor CEO Ken MacKenzie addressed BHP Billiton’s AGM in London for the first time in his new role of chairman. He told shareholders that there are some areas in which BHP can increase its focus and improve its operations, but overall the company is very strong. MacKenzie also said BHP is actively seeking to improve its capital allocation processes, noting that this has been somewhat lacking over the last decade.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, ELLIOTT MANAGEMENT CORPORATION, AMCOR LIMITED – ASX AMC