Deep Yellow has defended the sudden exit of its 80-year-old chief executive John Borshoff, suggesting it had needed someone with “the runway” to get the $1.6 billion company into uranium production.
Sean Smith and Simone Grogan
Mineral Resources has scrapped a commitment to replace chief executive Chris Ellison by mid-2026 and instead launched a new “three-stage” succession plan not anchored to “an arbitrary deadline”.
Adrian Rauso
An influential investor whisperer has broken ranks with its peers to stand in the way of Mal Bundey and Chris Ellison reaping bonuses potentially worth north of $20 million.
A pulse check of Australia’s moral principles suggests people believe artificial intelligence could present nearly as many ethical conundrums as embryo experimentation.
Simone Grogan
Too many Australian university governing bodies are fostering a culture of dysfunction, secrecy and intimidation, a new report claims.
Bethany Hiatt
Mineral Resources’ all-important ethics and governance committee has gone from all-female to all-male with two new directors joining and Justin Langer shuffled in.
The change comes as penance for a series of corporate governance shortcomings at the miner, which were acknowledged as “periods that have tested us” by departing chair James McClements.
The RAC’s long-overdue overhaul of its corporate governance has been approved, but voting restrictions meant barely 60 of the WA motoring mutual’s 1.3 million members had a say on the reforms.
Sean Smith
An outspoken Mineral Resources investor and Chris Ellison cheerleader has thrown his support behind the company’s new pick to oversee a reputation rehabilitation.
The superannuation fund has bailed out of Mineral Resources over persistent ‘serious governance concerns’, but shares in the embattled miner have risen.
The WA motoring mutual said the reforms proposed for its unwieldy member-elected WA council were aimed at aligning the century-old group with ‘contemporary good governance practices’.
The Australian Council of Superannuation Investors has questioned how shareholders can be assured Chris Ellison will abide by plans to step down by mid-2026 when questions over board exits go unanswered.
Denise McComish has quit with immediate effect, leaving the miner’s new ethics and governance committee without any members.
The Australian Council of Superannuation Investors says shareholders deserve to know why Jacqueline McGill and Susie Corlett abruptly left Chris Ellison’s troubled mining and services group.
Sean Smith, Simone Grogan and Adrian Rauso
The super fund said the last of what had been a 2.6 per cent stake in the logistics software company had been offloaded “because recent developments have not met our expectations”.
Mineral Resources’ biggest shareholder behind Chris Ellison is keen to see the company get a new chair by the end of June, while seemingly remaining a supporter of Mr Ellison staying on as boss.
New Qantas chair John Mullen has blasted corporate Australia’s support of the Voice campaign and warned against going too far in the support of ‘worthy causes’.
Neale Prior
Australia’s prudential regulator has proposed the biggest shake-up of board rules governing the banking, superannuation and insurance industries in more than a decade.
Neale Prior and Daniel Newell
The share market operator has taken the unusual step of asking Mineral Resources why it failed to warn investors its half-year financial results would be as bad as they were.
Mineral Resources is still months away from announcing a new board chair to replace James McClements after a tax scandal and a series or corporate governance disasters forced his decision to exit.
Daniel Newell
Mineral Resources’ embattled leader Chris Ellison will soon be interviewed by Australia’s corporate cop as part of its investigation, according to a media report.
The Australian Institute of Company Directors says companies have embraced diversity for “sound economic reasons”, but Trump wind-back is an opportunity to measure sentiment in Australia.
SPECIAL REPORT: A Chinese miner says it has brought in lawyers to examine allegations some of its employees are extracting side payments from WA businesses.
Mineral Resources has appointed a long-serving employee as its new company secretary after the incumbent switched to advising a new ethics committee formed in light of governance issues.
