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

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Perth businessman tells AGM he made ‘error in judgment’ as company’s executive pay plans are voted down

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.

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