LONDON—Rio Tinto Group plans to further delay paying outstanding bonuses to its former chief executive officer as regulators continue investigating payments to a consultant on an iron-ore project in Guinea. In 2017, the company said it would postpone any short- and long-term incentives owned to Sam Walsh for a minimum of two years. Sam Walsh, Rio Tinto Group’s former chief executive officer, has previously said that he always acted lawfully and in accordance with his duties while at the company. Rio later terminated contracts of two senior executives, arguing they failed to maintain standards in the company’s code of conduct. Leaked emails showed former CEOs Tom Albanese and Walsh, then head of Rio’s iron-ore unit, discussing the payment.

Source: thestar January 01, 2019 10:52 UTC