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Glencore faces its shareholders
Commodities giant Glencore will today face its first shareholder meeting since going public, amid calls for greater transparency around its deals and its top staff. The firm, which is meeting with shareholders in the Swiss town of Zug, has spent months convincing investors of the merits of its planned $36bn takeover of miner Xstrata. But management are also likely to field questions on remuneration and the independence of some of its board, following a warning from investor body Pirc. Campaigners have also raised environmental concerns over the firm’s operations in the Congo.