Jack Derwin - Profile and Journalist Details
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Verified
Markets and Finance Correspondent, Capital Brief
Sydney
Beats
Business IT Microsoft Consumer IT
Content
By Jack Derwin Verified| Capital Brief Verified Proxy advisors and super funds are demanding Mineral Resources tell the market why two independent directors suddenly departed from its board on Wednesday as another governance scandal threatens to engulf the embattled miner. Institutional Shareholder Services (ISS), the powerful proxy advisor to super funds and other large fund managers, said the lack of explanation for why Susie Corlett and Jacqueline McGill had resigned raised serious questions about what they had seen internally.
By Jack Derwin Verified| Capital Brief Verified As the governance bin fire at Mineral Resources continues to smoulder, investors are watching on with morbid curiosity, trying to make sense of the smoke. On Wednesday, six months after MinRes and managing director Chris Ellison became mired in scandal over alleged misuse of shareholder money and tax evasion schemes, independent directors Susie Corlett and Jacqueline McGill announced their sudden departures. Get The Edition in your inboxSigned up to The EditionA must-read afternoon newsletter.
By Jack Derwin Verified| Capital Brief Verified An influential proxy advisor has recommended shareholders vote against an Illuka director because of her presence on the board of Mineral Resources. Influential proxy advisor Ownership Matters is advising clients to vote against the re-election of Iluka Resources director Susie Corlett because of her longstanding presence on the board of troubled lithium and iron ore producer Mineral Resources.
Company Info
Capital Brief
Capital Brief is an Australian publication that launched in August 2023, based in Sydney’s Royal Exchange district. It focuses on the intersection of business and politics, specifically within the context of Australia’s evolving economic landscape. The publication targets founders, executives, investors, and decision-makers who are shaping the future of the economy. The company provides business news coverage and political analysis, emphasizing capital growth, investment trends, and the impact of policies on both startups and established businesses. Its content includes insights into funding rounds, market dynamics, and regulatory developments, particularly in technology-driven and innovation-focused sectors. Capital Brief aims to deliver actionable intelligence to its primary audience, which includes C-suite executives, investors, and policymakers involved in venture capital and corporate strategy. Capital Brief is Seed VC-funded, with Shearwater Capital as an investor, and it continues to expand its coverage of emerging industries, focusing on trends that affect high-growth sectors in Australia.
Sydney, New South Wales, Australia
Founded: 2023