bearish
MinRes Scandal to See Ellison Exit. Now What?
SUMMARY
- Ellison will stay on as MD for 12 to 18 months as board accelerates succession plan
- Ellison to incur financial penalties of $8.8 million, with unvested LTIs and STIs forfeited
- Chair James McClements to depart board, with more board turnover expected in future due to governance issues and share price volatility
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
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