British and Australian investment funds said on Monday that Rio Tinto's testimony last week over its destruction of ancient caves in Australia raised questions about the accountability of its senior leadership.
MELBOURNE - British and Australian investment funds said on Monday that Rio Tinto’s testimony last week over its destruction of ancient caves in Australia raised questions about the accountability of its senior leadership.
Rio chief executive Jean-Sébastien Jacques was grilled by an Australian Senate panel on Friday over how the company had legally destroyed two prehistoric rock shelters, causing deep distress to their Aboriginal owners. “The fact that Rio Tinto’s senior management had not reviewed a critical report about the site itself calls into question the company’s governance and oversight processes,” Councillor Doug McMurdo, chair of Local Authority Pension Fund Forum , said in a statement.
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