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Rio says Juukan Gorge punishments were at the limit of the law

Peter Ker

Rio Tinto directors believed they would be legally vulnerable had they cancelled all departure payments upon terminating three executives over the Juukan Gorge scandal and have since given themselves greater “clawback” powers.

The chairman of Rio’s remuneration committee, Sam Laidlaw, acknowledged on Friday that the size of the exit packages awarded to former chief executive Jean-Sebastien Jacques, iron ore boss Chris Salisbury and corporate affairs boss Simone Niven was “contentious” among some shareholders.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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    Original URL: https://www.afr.com/companies/mining/rio-says-juukan-gorge-punishments-were-at-the-limit-of-the-law-20210409-p57hye