Companies

Apr 16, 2009

Teflon Rod could be cast asunder at Rio

Rio Tinto shareholders should send a message next week to Rod Eddington that repeated failures to act in their interests will not be tolerated.

Adam Schwab — Business director and commentator

Adam Schwab

Business director and commentator

One of Australia’s most prolific company directors, Sir “Teflon” Rod Eddington faces a battle to be re-elected as a non-executive director of embattled Anglo-Australian miner, Rio Tinto. Proxy advisory group, RiskMetrics, has recommended that clients vote against Eddington’s re-election. Rio’s Annual General Meeting is being held on Monday 20 April in Sydney.

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