Major superannuation investors are demanding Mineral Resources explain the sudden exit of two key board directors who were privately the most critical of the conduct of embattled founder Chris Ellison.
The iron ore and lithium miner said on Wednesday that Susie Corlett and Jacqueline McGill would leave the board. They were two of the three-member ethics and governance committee established after a board review found Ellison had “failed to be as forthcoming” with the company about his personal transactions, creating a “significant reputational impact”.
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Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au
Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com
