Key facts
- Vale's board voted against removing Daniel André Stieler as chairman.
- The proposal to remove Stieler was initiated by one of Vale's largest shareholders.
- Vale is the world's top iron ore producer.
Board members of Vale, the world's largest iron ore producer, have voted against a proposal to remove Daniel André Stieler from his position as chairman. The proposal was put forward by one of the company's significant shareholders, but the board's decision means Stieler will retain his role.