PIRC urges shareholders to reject Xstrata directors

Comments (0) | 20 Apr 2011 | Rating | Print by Tim Human

The Switzerland-based mining company has a lack of independent directors on its board, claims the adviser

PIRC, the UK pension fund adviser, has called on investors to reject a number of directors at mining company Xstrata because of a lack of independence on the board.

The advisory firm recommends that shareholders vote against five directors, including Glencore’s chief executive Ivan Glasenberg.

Non-executive directors Glasenberg, Aristotelis ...

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