BHP says Westpac chairman will not stand for re-election on its board
BHP to pay so-called “top up tax” in Australia on profits made by its Singapore marketing hub from selling coal.
BHP Group said on Tuesday Lindsay Maxsted will not stand for re-election as a director, months after he brought forward his retirement as chairman of Westpac Banking Corp after a money-laundering scandal rocked the lender.
Maxsted will remain a member of the board, and on the risk and audit committees of the world’s biggest miner until the 2020 annual general meeting.
(By Nikhil Kurian Nainan; Editing by Sandra Maler)
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