Australian Shareholders’ Association calls for dumping of IGO directors over Western Areas wipeout

[Pelican Press 0]

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*********** Shareholders’ Association calls for dumping of IGO directors over Western Areas wipeout

Australia’s biggest lobby group for mum and dad investors wants IGO chair Michael Nossal and other directors dumped from the miner’s board over their role in the disastrous takeover of Western Areas.

The *********** Shareholders’ Association is recommending its members vote against the re-election of Mr Nossal, Santos chair Keith Spence and Xiaoping Xang at next month’s annual general meeting, saying they need to take responsibility for the $1.3b lost on the Western Areas deal.

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