U.K. mining giants Rio Tinto and BHP Billiton were ranked first and second respectively in a new survey conducted about corporate governance among the Financial Times Stock Exchange 100 companies.
The survey, conducted by Resources Global Professionals, an international business consultancy, ranked companies in more than 60 categories. About 11 percent of the ranking was based on "green-related issues," according to a story in the Financial Times ("Miners Top Governance Survey," Sept. 27, 2009).The ranking of two mining companies at the top of a distinguished grouping of companies was not necessarily surprising since major mining firms are now taking a closer look at how to preserve (or improve) their corporate reputations. Failure to do so can result in the loss of stock value and lead to higher interest rates, particularly on infrastructure-related loans.
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