0250 GMT - The recent departure of the directors on Mineral Resources' ethics and governance committee represents "a significant step backwards in seeking to address the serious governance concerns," says Hesta CEO Debby Blakey. Hesta, an Australian pension fund, has subsequently sold its shares in the Australian miner. "Given these departures and the forthcoming succession of the chair, we don't currently see a path to our concerns being addressed," Blakey says in a statement. She says Hesta may reconsider its position if Mineral Resources can provide "a demonstrated pathway" to address Hesta's governance concerns and an effective mechanism to prevent similar issues from happening again. It also wants "a timely and orderly succession" of managing director and founder Chris Ellison. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
May 11, 2025 22:50 ET (02:50 GMT)
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