Lithium
45.52
0.49%
Gold
2,671.90
0.69%
Copper
4.12
(0.71%)
Oil
69.50
0.67%
Bitcoin
97,781.71
3.64%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,955.82
0.96%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.14%
Hang Seng
19,601.11
(0.23%)
Lithium
45.52
0.49%
Gold
2,671.90
0.69%
Copper
4.12
(0.71%)
Oil
69.50
0.67%
Bitcoin
97,781.71
3.64%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,955.82
0.96%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.14%
Hang Seng
19,601.11
(0.23%)
Lithium
45.52
0.49%
Gold
2,671.90
0.69%
Copper
4.12
(0.71%)
Oil
69.50
0.67%
Bitcoin
97,781.71
3.64%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,955.82
0.96%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.14%
Hang Seng
19,601.11
(0.23%)
Lithium
45.52
0.49%
Gold
2,671.90
0.69%
Copper
4.12
(0.71%)
Oil
69.50
0.67%
Bitcoin
97,781.71
3.64%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,955.82
0.96%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.14%
Hang Seng
19,601.11
(0.23%)
Lithium
45.52
0.49%
Gold
2,671.90
0.69%
Copper
4.12
(0.71%)
Oil
69.50
0.67%
Bitcoin
97,781.71
3.64%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,955.82
0.96%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.14%
Hang Seng
19,601.11
(0.23%)
Lithium
45.52
0.49%
Gold
2,671.90
0.69%
Copper
4.12
(0.71%)
Oil
69.50
0.67%
Bitcoin
97,781.71
3.64%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,955.82
0.96%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.14%
Hang Seng
19,601.11
(0.23%)
Lithium
45.52
0.49%
Gold
2,671.90
0.69%
Copper
4.12
(0.71%)
Oil
69.50
0.67%
Bitcoin
97,781.71
3.64%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,955.82
0.96%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.14%
Hang Seng
19,601.11
(0.23%)
Lithium
45.52
0.49%
Gold
2,671.90
0.69%
Copper
4.12
(0.71%)
Oil
69.50
0.67%
Bitcoin
97,781.71
3.64%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,955.82
0.96%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.14%
Hang Seng
19,601.11
(0.23%)
Lithium
45.52
0.49%
Gold
2,671.90
0.69%
Copper
4.12
(0.71%)
Oil
69.50
0.67%
Bitcoin
97,781.71
3.64%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,955.82
0.96%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.14%
Hang Seng
19,601.11
(0.23%)
Lithium
45.52
0.49%
Gold
2,671.90
0.69%
Copper
4.12
(0.71%)
Oil
69.50
0.67%
Bitcoin
97,781.71
3.64%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,955.82
0.96%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.14%
Hang Seng
19,601.11
(0.23%)
Lithium
45.52
0.49%
Gold
2,671.90
0.69%
Copper
4.12
(0.71%)
Oil
69.50
0.67%
Bitcoin
97,781.71
3.64%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,955.82
0.96%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.14%
Hang Seng
19,601.11
(0.23%)
Lithium
45.52
0.49%
Gold
2,671.90
0.69%
Copper
4.12
(0.71%)
Oil
69.50
0.67%
Bitcoin
97,781.71
3.64%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,955.82
0.96%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.14%
Hang Seng
19,601.11
(0.23%)
Lithium
45.52
0.49%
Gold
2,671.90
0.69%
Copper
4.12
(0.71%)
Oil
69.50
0.67%
Bitcoin
97,781.71
3.64%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,955.82
0.96%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.14%
Hang Seng
19,601.11
(0.23%)
Lithium
45.52
0.49%
Gold
2,671.90
0.69%
Copper
4.12
(0.71%)
Oil
69.50
0.67%
Bitcoin
97,781.71
3.64%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,955.82
0.96%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.14%
Hang Seng
19,601.11
(0.23%)
Lithium
45.52
0.49%
Gold
2,671.90
0.69%
Copper
4.12
(0.71%)
Oil
69.50
0.67%
Bitcoin
97,781.71
3.64%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,955.82
0.96%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.14%
Hang Seng
19,601.11
(0.23%)
Lithium
45.52
0.49%
Gold
2,671.90
0.69%
Copper
4.12
(0.71%)
Oil
69.50
0.67%
Bitcoin
97,781.71
3.64%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,955.82
0.96%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.14%
Hang Seng
19,601.11
(0.23%)
Lithium
45.52
0.49%
Gold
2,671.90
0.69%
Copper
4.12
(0.71%)
Oil
69.50
0.67%
Bitcoin
97,781.71
3.64%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,955.82
0.96%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.14%
Hang Seng
19,601.11
(0.23%)
Lithium
45.52
0.49%
Gold
2,671.90
0.69%
Copper
4.12
(0.71%)
Oil
69.50
0.67%
Bitcoin
97,781.71
3.64%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,955.82
0.96%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.14%
Hang Seng
19,601.11
(0.23%)
Lithium
45.52
0.49%
Gold
2,671.90
0.69%
Copper
4.12
(0.71%)
Oil
69.50
0.67%
Bitcoin
97,781.71
3.64%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,955.82
0.96%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.14%
Hang Seng
19,601.11
(0.23%)
Lithium
45.52
0.49%
Gold
2,671.90
0.69%
Copper
4.12
(0.71%)
Oil
69.50
0.67%
Bitcoin
97,781.71
3.64%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,955.82
0.96%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.14%
Hang Seng
19,601.11
(0.23%)

Mineral Resources (ASX: $MIN) announces leadership changes amid governance review

Mineral Resources governance and leadership update


Mineral Resources (ASX:MIN) has revealed significant changes to its corporate governance framework following issues involving Managing Director Chris Ellison. The Board has decided on new governance processes and financial penalties for Mr. Ellison, totaling $8.8 million, alongside the potential loss of $9.6 million in remuneration. An accelerated leadership succession plan is being implemented, with Mr. Ellison remaining as Managing Director for the next 12-18 months to ensure a smooth transition.

Summary and future outlook


The announcement from Mineral Resources outlines the Board's response to governance issues involving Managing Director Chris Ellison. Significant measures include financial penalties for Mr. Ellison and the establishment of an independent Ethics & Governance Committee. The company has initiated an accelerated leadership succession plan, engaging Spencer Stuart to find a successor within 12-18 months. Mr. Ellison is expected to remain in his role during this transition period. Additionally, Board Chair James McClements will step down by the next AGM. These changes aim to enhance corporate governance, maintain shareholder confidence, and ensure the continuation of MinRes' strategic objectives in the resources sector.

Executive commentary on governance issues


The Board has taken decisive action to address the governance issues identified. We are committed to upholding the highest standards of ethics and integrity. The penalties imposed on Mr. Ellison reflect the serious nature of the issues and our dedication to protecting shareholder value. The accelerated leadership succession plan will ensure stability and continuity for Mineral Resources as we navigate this transition.

MINERAL RESOURCES LIMITED
MIN | ASX | Materials
33.84-0.87(-2.51%)
At close 20/11 (AEDT)
Market cap
$6.7B
Volume
1,785,377
DY Yield
0.026600001
PE Ratio
52.875
52 Week Range
29.51 - 79.76
1YR Return
N / A

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