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Asset Management – How To

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"We were concerned, and we wanted to see action," said Liza McDonald, the fund's head of responsible investments. Loading "Collective engagement – so the board is hearing the same consistent message about actions and outcomes – is an important tool that we have." Aware Super, formerly known as First State Super, said the board's announcement on Friday that three top Rio Tinto executives, including Mr Jacques, iron ore boss Chris Salisbury and corporate affairs boss Simone Niven, would be leaving reflected "clearer and stronger" accountability for the incident that investors had been seeking. However, the fund said it remained concerned about the lack of independent oversight in Rio's investigations into how the site was destroyed without traditional landowners' consent. Ms McDonald said the fund believed the review launched following the disaster, led by non-executive director Michael L'Estrange, did not go far enough in interrogating the company's processes and policies. "Were people honest and really able to open up when [the review] was conducted by a board member?" she asked. Loading "Was there any bias in it – conscious or unconscious – when, at the end of the day, the person undertaking the review was a board member who