Iron ore heiress Gina Rinehart will become a director of Ten Network Holdings after the television broadcaster’s annual meeting on December 9. Mrs Rinehart’s Hancock Prospecting revealed a 10 per cent stake in the company during the week. Ten executive chairman Nick Falloon said: “The board welcomes Mrs Rinehart’s involvement in the company and is pleased to offer this board seat as a reflection of her interest as a substantial shareholder."
