Corporate governance

Rio Tinto is committed to high standards of corporate governance for which the directors are accountable to shareholders.
 
Rio Tinto plc and Rio Tinto Limited have adopted a common approach to corporate governance and apply the principles contained in Part 1 of the Combined Code on best practice in corporate governance appended to the Listing Rules published by the UK Listing Authority and in the Australian Securities Exchange (ASX) Corporate Governance Principles and Recommendations. Both companies have voluntarily adopted the recommendations of the US Blue Ribbon Committee in respect of disclosures to shareholders.

The Group continues to monitor developments in the area of corporate governance in its three principal share markets.

Corporate overview

Rio Tinto plc and Rio Tinto Limited established a dual listed companies structure in December 1995. As a result, the two companies are managed as a single economic unit, even though both companies continue to be separate legal entities with separate share listings and share registrars.

The principal market for Rio Tinto plc shares is the London Stock Exchange. In addition to its primary listing, Rio Tinto plc shares are also traded on Euronext and the New York Stock Exchange as ADRs. Rio Tinto Limited shares are listed on the Australian Securities Exchange. Although not listed, Rio Tinto Limited shares are also traded on the London Stock Exchange. The Rio Tinto plc ADR facility is administered by JPMorgan Chase Bank NA.