Chris Ellison tells Mineral Resources shareholders he 'deeply regrets' impact of tax issue on company

An emotional Chris Ellison has spoken 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 life" and is something he will "live with forever".

Mr Ellison addressed the cohort, speaking to his "judgement error" and how he "deeply regrets" the impact his behaviour has had on the business.Just prior to the meeting, Mr Ellison released a statement to the ASX saying he made mistakes but took "full responsibility". He also noted that the last few months had "been difficult" and that it "wasn't easy getting to the facts".

Mr McClements ended his address by speaking about how MinRes planned to rebuild and focus on governance by "working ethically".Ahead of the meeting, it was unknown if Mr Ellison would just step down from the role or leave the company altogether.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: GuardianAus - 🏆 1. / 98 Read more »