Elliott calls for BHP board overhaul as new chairperson looms

Activist shareholder Elliott Management called on BHP on Wednesday to "upgrade" its board of directors as the mining giant prepares to select a new chairperson this week. "BHP has an entrenched board, with long-tenured directors having approved the disastrous acquisitions and poorly timed share buybacks that are at the root of much of today's underperformance," Elliott said in a statement.