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Joe Aston

Rio Tinto misleads parliamentary inquiry

Predictably, Rio Tinto’s board is now at war with itself. With their own reputations top of mind, directors privately lament the “blindness” of their board colleague Michael L’Estrange’s report on the Juukan Gorge incident. And London’s Daily Mail now reports that chairman Simon Thompson’s “flaccid handling of the catastrophe … is understood to have erupted into a boardroom row” in which the board’s senior independent director Sam Laidlaw and director Simon Henry argued the inadequacy of Thompson’s “less than robust response”.

Their fear, The Mail says, was “that the affair has undermined Rio Tinto’s efforts to portray itself as meeting the rules of ESG investing”. Has it ever, and that’s an issue we’ll come to later this week.

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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

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    Original URL: https://www.afr.com/rear-window/rio-tinto-misleads-parliamentary-inquiry-20200907-p55t60