Elliott Investment Management LP, holding 5.6% in Northern Star Resources Ltd, nominated six directors to improve governance and strategic oversight. Theletter cites years of execution failures and proposes candidates with expertise in mining, finance, and governance. Key names include Mark Cutifani (Anglo American ex-CEO) and Susan Corlett (Pacific Road Capital veteran).

The candidates aim to restore market confidence in Northern Star’s assets. Elliott emphasizes independence, stating directors will serve all shareholders. Previous attempts to agree on changes failed, prompting public introduction of the group. The firm stresses the need for a board equipped to support the new CEO and conduct a credible operational review.

Elliott’s letter highlights Northern Star’s world-class mines but lags in shareholder returns. It contrasts asset quality with governance shortcomings. The firm plans further dialogue with the board, rejecting control ambitions. Shareholders are urged to consider the candidates’ qualifications.