What a week it’s been for the foreign (or at least foreign-born) chiefs of Australia’s largest public companies.
On the very day Rio Tinto’s eccentric CEO Jean-Sébastien Jacques joined the board of the Business Council of Australia, a Mongolian court reportedly ruled that due process wasn’t followed in the miner’s striking of an investment agreement with that country’s government. The Way We Work, Rio’s dystopian operating principles (whose violation JS cited as grounds for dismissing minerals boss Alan Davies and general counsel Debra Valentine), dictates that “in every country we comply with applicable laws”. And how’s that going for them?
Loading...
Joe Aston is the founder of Rampart and the best-selling author of The Chairman’s Lounge: The inside story of how Qantas sold us out. From 2012 to 2023, Joe helmed The Australian Financial Review’s Rear Window column. Email Joe at hello@rampart.news
