ACCC quizzes FMG, page-12

  1. 7,501 Posts.
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    Hi sergeant,
    BHP is the biggest mining company in the world and one would expect that they know more about IO marketing
    than two bob business advisors and it is the Board and CEO's responsibility to anticipate price or quantiyu volitility
    and to take measures such as currency hedging and forward sales and put options to protect the shareholders' interests.
    That's why shareholders pay them tens of millions in salaries and benefits.

    Before you vote in favour then perhaps you could do yourself a favour and as the CEO what provisions he had in place
    to minimise risk.

    MM
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