Warning served on Todd Corp in WA board spill drama

By Pattrick Smellie | Wed, 27 Nov 2019


Minority shareholders of West Australian iron ore play, Flinders Mines, served warning on the company representing New Zealand's wealthiest family when it narrowly saw off a rare 'board spill' resolution in Perth yesterday.More than 35 percent of shareholders at the Flinders annual meeting voted against the reappointment of the company's two Todd Corp directors: ex-Sky City boss and head of Todd's property arm in New Zealand, Evan Davies, and Perth-based Todd Corp stalwart Michael Wolley, and against the company's remuneration report. The...