Rio Tinto pays former chief executive’s deferred incentive plan awards

Business Wire

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SYDNEY--(BUSINESS WIRE)--As previously disclosed, in light of the ongoing investigations by regulators into a payment made to a consultant in relation to the Simandou iron ore project in Guinea, a deed of deferral was mutually agreed between Rio Tinto and Sam Walsh, as a matter of good corporate governance. Sam was chief executive of the iron ore product group at the time the payment was made. The principal provision of this deed was that the deferred incentive plan awards, which would have ves

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