Rio Tinto has suffered a major revolt by shareholders over the exit package handed to former chief executive Jean-Sébastien Jacques, one of several investor rebellions over pay on a bruising day for UK-listed companies.
More than 60 per cent of the votes cast at Rio’s annual meetings in London and Sydney were against its remuneration report, making it the most significant rebellion this year against a UK-listed company on pay.
Jacques and two of his senior lieutenants resigned in September following an outcry over the blasts at the 46,000-year-old Juukan Gorge site in Western Australia to make way for a mine expansion.
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