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Home » Glencore plc (GLNCY) Shareholder/Analyst Call Transcript
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Glencore plc (GLNCY) Shareholder/Analyst Call Transcript

thebusinesstimes.co.ukBy thebusinesstimes.co.uk1 June 20261 Views
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Glencore plc (GLNCY) Shareholder/Analyst Call Transcript
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Kalidas Madhavpeddi

Good morning. My name is Kalidas Madhavpeddi, and I’m the Chair of your Board of Directors. Welcome. It’s now 12 noon. Let me just check, and I call the meeting to order. When you arrive here today, you receive a package of information. Please read it carefully. It has important information regarding your safety while you’re here as well as procedures for the conduct of this meeting. Now it’s my pleasure to introduce my colleagues on the Board and management here on the dais and on the line. First to my right, Gary Nagle, CEO and Director; Paca Zuleta, Director; Martin Gilbert, Chair of Remuneration Committee; Liz Hewitt, Chair of Audit Committee; John Wallington, Chair of HSEC Committee; Cynthia Carroll, Chair of Ethics, Culture and Compliance; John Burton, our Company Secretary; and on the phone with our apologies for not being here in person, our Senior Independent Director, Gill Marcus.

I’d like to start by highlighting a number of topics that the Board has been following, which are likely relevant to our shareholders. First, the health and safety of our employees is our #1 priority. We have improved safety metrics. We have decreased recordable injuries, and we reduced the number of fatalities. But I’m saddened to say that we still had 2 fatalities last year, and 3 of our colleagues in Kazakhstan perished just a month ago. Our hearts go out to their families and our colleagues in those locations. But management, the HSEC committee and the Board are laser-focused on our continuous improvement in safety.

In December, we hosted our Capital Markets Day. We outlined the compelling

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