Strategic FD being grilled on conflict of interest issues

The FD of mining company Strategic Natural Resources is being grilled by her
company on conflict of interest issues.

Elizabeth Shaw’s role as a director of independent power plant developer IPSA
has been called into question.

“Further announcements will be made at the appropriate time when these
discussions have concluded,” Strategic said today.

The company has already forced one of its non-executive directors Peter Earl
to resign for the same reason.

“Due to an increasing conflict of interest between SNR and IPSA, a company of
which Mr Earl is CEO, the board of SNR requested at a meeting held yesterday
that Mr Earl resign as a non-executive director of the company,” Strategic said.

Earl refused the request, Strategic added, and asked for a vote of confidence
from the board. This vote was rejected unanimously by the board members present
at the meeting.

Further reading:

Travel CFO to resign after IT debacle

Related reading