In 2000, labour investors in Australia, North America and Britain joined together to raise concerns about labour practices at global mining giant Rio Tinto. A shareholder resolution on the topic received more than 17 percent of votes cast (representing more than US$1.5 billion in Rio Tinto stock).

A large number of shareholders formally abstained from the vote because they lacked a policy to guide them in determining the appropriate course of action in such debates. In resolution discussions, the company acknowledged the important role of global labour standards in creating shareholder value. This shareholder coalition represented the broadest international proxy contest to date by any shareholder proponent.

 

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Coalition of Rio Tinto Shareholders

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