Lithium
44.08
0.36%
Gold
2,740.80
(0.19%)
Copper
4.46
0.73%
Oil
71.56
(0.08%)
Bitcoin
68,036.56
0.37%
FTSE 100
8,184.20
0.09%
Nikkei 225
38,505.04
0.6%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.75
1.76%
USD/AUD
0.66
0.04%
Hang Seng
20,798.95
1.91%
Lithium
44.08
0.36%
Gold
2,740.80
(0.19%)
Copper
4.46
0.73%
Oil
71.56
(0.08%)
Bitcoin
68,036.56
0.37%
FTSE 100
8,184.20
0.09%
Nikkei 225
38,505.04
0.6%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.75
1.76%
USD/AUD
0.66
0.04%
Hang Seng
20,798.95
1.91%
Lithium
44.08
0.36%
Gold
2,740.80
(0.19%)
Copper
4.46
0.73%
Oil
71.56
(0.08%)
Bitcoin
68,036.56
0.37%
FTSE 100
8,184.20
0.09%
Nikkei 225
38,505.04
0.6%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.75
1.76%
USD/AUD
0.66
0.04%
Hang Seng
20,798.95
1.91%
Lithium
44.08
0.36%
Gold
2,740.80
(0.19%)
Copper
4.46
0.73%
Oil
71.56
(0.08%)
Bitcoin
68,036.56
0.37%
FTSE 100
8,184.20
0.09%
Nikkei 225
38,505.04
0.6%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.75
1.76%
USD/AUD
0.66
0.04%
Hang Seng
20,798.95
1.91%
Lithium
44.08
0.36%
Gold
2,740.80
(0.19%)
Copper
4.46
0.73%
Oil
71.56
(0.08%)
Bitcoin
68,036.56
0.37%
FTSE 100
8,184.20
0.09%
Nikkei 225
38,505.04
0.6%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.75
1.76%
USD/AUD
0.66
0.04%
Hang Seng
20,798.95
1.91%
Lithium
44.08
0.36%
Gold
2,740.80
(0.19%)
Copper
4.46
0.73%
Oil
71.56
(0.08%)
Bitcoin
68,036.56
0.37%
FTSE 100
8,184.20
0.09%
Nikkei 225
38,505.04
0.6%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.75
1.76%
USD/AUD
0.66
0.04%
Hang Seng
20,798.95
1.91%
Lithium
44.08
0.36%
Gold
2,740.80
(0.19%)
Copper
4.46
0.73%
Oil
71.56
(0.08%)
Bitcoin
68,036.56
0.37%
FTSE 100
8,184.20
0.09%
Nikkei 225
38,505.04
0.6%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.75
1.76%
USD/AUD
0.66
0.04%
Hang Seng
20,798.95
1.91%
Lithium
44.08
0.36%
Gold
2,740.80
(0.19%)
Copper
4.46
0.73%
Oil
71.56
(0.08%)
Bitcoin
68,036.56
0.37%
FTSE 100
8,184.20
0.09%
Nikkei 225
38,505.04
0.6%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.75
1.76%
USD/AUD
0.66
0.04%
Hang Seng
20,798.95
1.91%
Lithium
44.08
0.36%
Gold
2,740.80
(0.19%)
Copper
4.46
0.73%
Oil
71.56
(0.08%)
Bitcoin
68,036.56
0.37%
FTSE 100
8,184.20
0.09%
Nikkei 225
38,505.04
0.6%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.75
1.76%
USD/AUD
0.66
0.04%
Hang Seng
20,798.95
1.91%
Lithium
44.08
0.36%
Gold
2,740.80
(0.19%)
Copper
4.46
0.73%
Oil
71.56
(0.08%)
Bitcoin
68,036.56
0.37%
FTSE 100
8,184.20
0.09%
Nikkei 225
38,505.04
0.6%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.75
1.76%
USD/AUD
0.66
0.04%
Hang Seng
20,798.95
1.91%
Lithium
44.08
0.36%
Gold
2,740.80
(0.19%)
Copper
4.46
0.73%
Oil
71.56
(0.08%)
Bitcoin
68,036.56
0.37%
FTSE 100
8,184.20
0.09%
Nikkei 225
38,505.04
0.6%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.75
1.76%
USD/AUD
0.66
0.04%
Hang Seng
20,798.95
1.91%
Lithium
44.08
0.36%
Gold
2,740.80
(0.19%)
Copper
4.46
0.73%
Oil
71.56
(0.08%)
Bitcoin
68,036.56
0.37%
FTSE 100
8,184.20
0.09%
Nikkei 225
38,505.04
0.6%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.75
1.76%
USD/AUD
0.66
0.04%
Hang Seng
20,798.95
1.91%
Lithium
44.08
0.36%
Gold
2,740.80
(0.19%)
Copper
4.46
0.73%
Oil
71.56
(0.08%)
Bitcoin
68,036.56
0.37%
FTSE 100
8,184.20
0.09%
Nikkei 225
38,505.04
0.6%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.75
1.76%
USD/AUD
0.66
0.04%
Hang Seng
20,798.95
1.91%
Lithium
44.08
0.36%
Gold
2,740.80
(0.19%)
Copper
4.46
0.73%
Oil
71.56
(0.08%)
Bitcoin
68,036.56
0.37%
FTSE 100
8,184.20
0.09%
Nikkei 225
38,505.04
0.6%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.75
1.76%
USD/AUD
0.66
0.04%
Hang Seng
20,798.95
1.91%
Lithium
44.08
0.36%
Gold
2,740.80
(0.19%)
Copper
4.46
0.73%
Oil
71.56
(0.08%)
Bitcoin
68,036.56
0.37%
FTSE 100
8,184.20
0.09%
Nikkei 225
38,505.04
0.6%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.75
1.76%
USD/AUD
0.66
0.04%
Hang Seng
20,798.95
1.91%
Lithium
44.08
0.36%
Gold
2,740.80
(0.19%)
Copper
4.46
0.73%
Oil
71.56
(0.08%)
Bitcoin
68,036.56
0.37%
FTSE 100
8,184.20
0.09%
Nikkei 225
38,505.04
0.6%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.75
1.76%
USD/AUD
0.66
0.04%
Hang Seng
20,798.95
1.91%
Lithium
44.08
0.36%
Gold
2,740.80
(0.19%)
Copper
4.46
0.73%
Oil
71.56
(0.08%)
Bitcoin
68,036.56
0.37%
FTSE 100
8,184.20
0.09%
Nikkei 225
38,505.04
0.6%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.75
1.76%
USD/AUD
0.66
0.04%
Hang Seng
20,798.95
1.91%
Lithium
44.08
0.36%
Gold
2,740.80
(0.19%)
Copper
4.46
0.73%
Oil
71.56
(0.08%)
Bitcoin
68,036.56
0.37%
FTSE 100
8,184.20
0.09%
Nikkei 225
38,505.04
0.6%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.75
1.76%
USD/AUD
0.66
0.04%
Hang Seng
20,798.95
1.91%
Lithium
44.08
0.36%
Gold
2,740.80
(0.19%)
Copper
4.46
0.73%
Oil
71.56
(0.08%)
Bitcoin
68,036.56
0.37%
FTSE 100
8,184.20
0.09%
Nikkei 225
38,505.04
0.6%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.75
1.76%
USD/AUD
0.66
0.04%
Hang Seng
20,798.95
1.91%
Lithium
44.08
0.36%
Gold
2,740.80
(0.19%)
Copper
4.46
0.73%
Oil
71.56
(0.08%)
Bitcoin
68,036.56
0.37%
FTSE 100
8,184.20
0.09%
Nikkei 225
38,505.04
0.6%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.75
1.76%
USD/AUD
0.66
0.04%
Hang Seng
20,798.95
1.91%

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
38.762.06(+5.61%)
At close 04/11 (AEDT)
Market cap
$7.6B
Volume
1,773,021
DY Yield
0.024500001
PE Ratio
61.523808
52 Week Range
29.51 - 79.76
1YR Return
N / A

0 Comments
Inline Feedbacks
View all comments
Social Media Auto Publish Powered By : XYZScripts.com

Stock Piper AI Index Coming Soon!

Join our Newsletter to gain exclusive insight and be notified once we are live.

By clicking Subscribe, you agree to our Terms & Conditions

ASX News, First And Fast.

Get all the latest market updates straight to your inbox.

By clicking Subscribe, you agree to our Terms & Conditions