High investor refuses to vote on Rio Tinto’s annual report and accounts following bullying scandal
A prime investor has refused to vote on Rio Tinto’s annual report and accounts following a bullying scandal.
Funding supervisor Abrdn, which owns a 0.29 per cent stake within the mining large price £223m, abstained at Rio’s AGM on Friday following a scathing examine of its office tradition revealed final month.
Refusal: Abrdn, which owns a 0.29 per cent stake in Rio Tinto price £223m, abstained on the AGM
The probe, commissioned by Rio Tinto and compiled by the consultancy Elizabeth Broderick & Co, uncovered bullying, racism and sexual harassment.
Andrew Mason, Abrdn’s stewardship director, mentioned: ‘In mild of the character, severity and systemic impacts of the problems raised we have now determined to abstain from our vote to approve the corporate’s studies and accounts.’
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