Rio's board membersThere is something fundamentally wrong with the idea of Rio being represented on the Ivanhoe BOD.
Don't board members have a fiduciary to protect the interests of all shareholders?
If a board member is representing primarily the interests of a subset of shareholders, ostensibly to the detriment of the majority of shareholders, do shareholders not have legal recourse against those "controlled" boardmembers?
Seems to me that a class of Ivanhoe shareholders could prevail against the the "Rio" appointees personally, and Rio itself, if their board activities could be shown to favor Rio's interests at the expense of the overall class.