Trafigura Group and Nyrstar directors met the fury of a small group of shareholders at a marathon meeting on Tuesday, in which investors accused the commodities trader of unfair dealings that led to the downfall of Europe’s biggest zinc smelter.
In a meeting that dragged on for 10 hours, the shareholders grilled Nyrstar’s directors about the independence of the board and fairness of contracts between Nyrstar and Trafigura, its biggest customer, supplier and shareholder. Chairman Martyn Konig was asked repeatedly about his and the board’s “moral standards".