Hermes Plans to Vote Against Rio Chair on Diversity Failings
- Investor says mining group is not meeting diversity targets
- Protest vote against du Plessis comes as he heads for BT
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Hermes Investment Management will vote against the re-election of Jan du Plessis, the chairman of Rio Tinto Group, because of the company’s policy on boardroom diversity.
The London-based money manager, which has said it will be focusing on diversity issues and climate change during this year’s annual shareholder meeting season, is targeting 63-year-old du Plessis at Wednesday’s AGM because he is chair of the group’s nominations committee.