HESTA puts Mineral Resources on notice over corporate governance crisis

by Pelican Press
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HESTA puts Mineral Resources on notice over corporate governance crisis

One of Australia’s most influential superannuation funds has put Mineral Resources on notice over the corporate governance crisis that has raised doubts over co-founder Chris Ellison’s chief executive role.

Industry fund HESTA, which controls nearly $90 billion in member assets, is pressuring MinRes to “take the necessary steps” in the wake of revelations of Mr Ellison’s historic tax avoidance and allegations his related-party dealings with the company disadvantaged shareholders.

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