RIO TINTO LTD
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
View on SEC.govAbout this filing
The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2024 · Filed Feb 20, 2025
Contents
Governance framework
Our Board is structured to support good governance, which means
considering the right things, at the right time, with the right people and insights. Our
framework also helps the Board support the executive team, and strengthen our
strategic focus.
Board of DirectorsWe are finding better ways™ to provide the materials the world needs.By doing this efficiently, effectively and sustainably, we aim to create long-term value for all stakeholders. Our purpose is supported by 3 core values: care, courage and curiosity. The Board is collectively responsible for pursuing our purpose and approves the strategy, budget and plans proposed by the Chief Executive to achieve this.
Board CharterSee the Board Charter for more information on the Board’s role and the delegation to management.
| Audit & Risk CommitteeHelps the Board monitor decisions and processes designed to ensure the integrity of financial reporting, the independence and effectiveness of the external auditors, and robust systems of internal control and risk management. | Nominations CommitteeHelps the Board determine its composition, and that of its committees. These are regularly reviewed and refreshed, so they can operate effectively and have the right mixture of skills, experience and background. | People & Remuneration CommitteeHelps the Board ensure the Remuneration Policy and practices reward employees and executives fairly and responsibly, with a clear link to corporate and individual performance, and a focus on people and culture. | Sustainability CommitteeHelps the Board oversee the Group’s integrated approach to sustainability and strategies designed to manage health and safety, and social and environmental risks, including management processes and standards. | Chair’s CommitteeSupports the functioning of the Board and will consider urgent matters between Board meetings. | Chief ExecutiveHas delegated responsibility for the executive management of Rio Tinto, consistent with the Group’s purpose and strategy, and subject to matters reserved for the Board, as set out in the Schedule of Matters Reserved for the Board and in accordance with the Group’s delegation of authority framework. |
| See page 113 | See page 111 | See page 119 | See page 117 | ||
Executive Committee
The Executive Committee supports the Chief
Executive in delivering strategy, annual plans
and commercial objectives, and in managing
the financial and operational performance of
the Group.
The following management committees
support the Chief Executive in the
performance of his duties.
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