Rio chairman takes aim at proxy adviser over London listing vote call

Rio chairman takes aim at proxy adviser over London listing vote call

Two major governance firms are backing a review into the miner’s dual-company structure. A third, Ownership Matters, says it is against the move.

Rio Tinto backs dual-listed structure, asks shareholders to reject Pallister's bid

Mining major Rio Tinto on Wednesday backed its dual-listed structure and asked shareholders to vote against London-based hedge fund Palliser Capital's resolution to review the firm's two listings in London and Sydney. The world's largest iron-ore miner said it had already conducted a robust and comprehensive review of the structure and had engaged with a number of stakeholders, including Palliser. It had previously recommended its London shareho…