Mineral Resources boss Chris Ellison tells shareholders ‘I hate what I’ve done’ after scandals rock company

The Mineral Resources boss, Chris Ellison, has previously acknowledged he failed to disclose revenue generated by overseas entities to tax authorities earlier in his career.The Mineral Resources boss, Chris Ellison, has previously acknowledged he failed to disclose revenue generated by overseas entities to tax authorities earlier in his career.

MinRes shares have been under extreme pressure in recent weeks in the aftermath of the tax revelations, first made public by the Australian Financial Review.The share price has halved this year due to a combination of weak commodity prices and a sell-off triggered by the governance issues. The result represents a first strike against executive pay, which could result in a board spill if shareholders replicate the result next year.

“I own those mistakes, and I’m standing here, I take full responsibility for them,” Ellison said on Thursday.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Mineral Resources boss Chris Ellison shown exit after revelation he used company resources for personal benefitBillionaire mining CEO fined $8.8m amid investigation, which follows accusations he failed to disclose revenue generated by overseas entities to tax authorities
La source: GuardianAus - 🏆 1. / 98 Lire la suite »

Chris Ellison tells Mineral Resources shareholders he 'deeply regrets' impact of tax issue on companyAn emotional Chris Ellison speaks of how an investigation into a major corporate governance scandal gripping the mining company he founded almost 20 years ago is a 'dark cloud over [his] life' and is something he will 'live with forever'.
La source: abcnews - 🏆 5. / 83 Lire la suite »