Laura Tyson
About Laura Tyson
Laura Tyson (age 53) is a non‑executive director of Coronado Global Resources Inc. (CODQL) and the EMG Group’s designated director; she joined the Board on September 21, 2018. She is Managing Director, Chief Operating Officer, General Counsel and Secretary at EMG, and previously was a Partner at Baker Botts L.L.P. focused on energy sector and MLPs. She holds a B.S. in Economics and Finance (McNeese State University) and a J.D. (University of Houston Law Center). The Board has affirmatively determined that Ms. Tyson is not “independent,” given her EMG designation.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| The Energy & Minerals Group (EMG) | Managing Director, COO, General Counsel & Secretary | February 2014 – Present | Senior leadership in energy investments; EMG is CODQL’s controlling stockholder through Coronado Group LLC |
| Baker Botts L.L.P. | Partner (MLP, Energy, Private Equity practice groups) | Prior to Feb 2014 | Outside counsel to EMG on portfolio investments and co‑investment structuring since 2008 |
External Roles
| Organization | Role | Tenure | Notes / Interlocks |
|---|---|---|---|
| Ascent Resources LLC | Board member | Current | EMG portfolio company (interlock with controlling stockholder) |
| Heritage NonOp Holdings, LLC | Board member | Current | EMG portfolio company (interlock) |
| LiChem Australia Pty Ltd | Board member | Current | EMG portfolio company (interlock) |
Board Governance
- Independence: Not independent (EMG Group designated nominee).
- Election mechanism: Elected by Series A Share holder as a separate class; 2025 AGM votes For: 1, Withheld: 0.
- Committee memberships:
- Compensation & Nominating Committee: Member (Chair: William (Bill) Koeck; Members: Koeck, Greg Pritchard, Laura Tyson).
- Health, Safety, Environment & Community (HSEC) Committee: Member (Chair: Philip Christensen; Members: Christensen, Greg Pritchard, Laura Tyson, Aimee R. Allen).
- Audit Committee: Not a member (Members: Greg Pritchard (Chair), Philip Christensen, William (Bill) Koeck, Jan C. Wilson; post‑AGM: Pritchard, Christensen, Wilson).
- Board/Committee activity and attendance:
- Board: 12 regular + 1 special meeting in 2024; all current directors attended at least 75% of applicable Board and committee meetings.
- Audit: 5 meetings in 2024.
- Compensation & Nominating: 4 meetings in 2024.
- HSEC: 3 meetings in 2024.
- Lead Independent Director: Role discontinued effective as of the 2025 AGM; Deputy Chair and Lead Independent Director positions to not continue.
Fixed Compensation
| Component | 2024 Amount (USD) | Structure / Notes |
|---|---|---|
| Annual director fee (paid to EMG for Ms. Tyson’s services) | $115,531 | Standard non‑employee director fee; Ms. Tyson is not directly paid and not entitled to RSUs; travel/expense reimbursement provided. |
| RSU election (non‑employee directors) | $0 (none elected RSUs in 2024) | Non‑employee directors may elect to receive some/all base fees as RSUs; settlement no later than 30 days after earliest of 5 years from grant, cessation as director, or change of control; Ms. Tyson not eligible. |
| Committee chair fees (if applicable) | N/A for Tyson | Chairs receive additional $9,903 (A$15,000); Tyson is not a chair. |
| Lead Independent Director fee | N/A for 2025 onward | $181,548 (A$275,000) in 2024; position discontinued post‑AGM. |
Performance Compensation
| Metric Type | Disclosure | Vesting / Triggers |
|---|---|---|
| Stock awards (RSUs/PSUs) | Not applicable; Ms. Tyson cannot elect RSUs; no director RSU elections in 2024. | RSU settlement (for eligible non‑employee directors): ≤30 days after 5 years, cessation as director, or change in control; not applicable to Tyson. |
| Options / PSU / TSR metrics | None disclosed for directors; no option awards reported for Ms. Tyson in 2024. | Not applicable. |
| Cash bonus / incentive plan | None disclosed for directors; no non‑equity incentive comp for Ms. Tyson. | Not applicable. |
Other Directorships & Interlocks
| Entity | Public/Private | Relationship to CODQL | Potential Conflict Considerations |
|---|---|---|---|
| Ascent Resources LLC | Not disclosed in proxy (EMG portfolio) | EMG portfolio company; EMG is CODQL’s controlling stockholder via Coronado Group LLC. | EMG influence and information flow; related‑party oversight via Audit Committee charter/policies required. |
| Heritage NonOp Holdings, LLC | Not disclosed in proxy (EMG portfolio) | EMG portfolio company. | Same as above. |
| LiChem Australia Pty Ltd | Not disclosed in proxy (EMG portfolio) | EMG portfolio company. | Same as above. |
Expertise & Qualifications
- 25+ years in corporate and securities transactions; deep energy and MLP sector expertise.
- Senior operator and legal executive (MD/COO/GC/Secretary) at EMG; selected for Board due to extensive knowledge of Coronado’s business and operations.
- Education: B.S. in Economics and Finance (McNeese State University); J.D. (University of Houston Law Center).
Equity Ownership
| Holder | Shares Beneficially Owned (as of Apr 16, 2025) | % of Common Stock |
|---|---|---|
| Laura Tyson | — (none reported) | — (not reported; less than 1% indicated by asterisk convention) |
| Coronado Group LLC (EMG Group affiliate) | 84,506,139.9 | 50.4% |
Alignment note: Ms. Tyson has no disclosed personal share ownership and is not eligible for RSU elections; fees are paid directly to EMG, which may weaken individual ownership alignment.
Say‑on‑Pay & Shareholder Feedback
| AGM Year | Proposal | Votes For | Votes Against | Abstentions |
|---|---|---|---|---|
| 2025 | Advisory vote to approve NEO compensation | 96,560,735 | 13,258,506 | 125,486 |
| 2024 | Advisory vote to approve NEO compensation | 111,886,227 | 2,816,367 | 22,842 |
Governance Assessment
- Independence and designation: Ms. Tyson is EMG’s designated nominee and not independent; she is elected solely by the Series A holder, reinforcing EMG’s control over Board composition.
- Committee influence: EMG retains rights to include its director in committee membership while Series A rights apply, which may affect committee independence; Tyson sits on Compensation & Nominating and HSEC, both sensitive to pay policy and sustainability/climate oversight.
- Ownership alignment: No personal share ownership and ineligible for RSUs; fees paid to EMG rather than the individual director suggests weaker personal economic alignment with minority shareholders.
- Engagement: Attended at least 75% of applicable meetings; Board and committees were active (12 Board meetings, plus committee meetings).
- Related party oversight: Relationship Deed and Stockholder’s Agreement formalize EMG’s rights and indemnities; Audit Committee is charged with reviewing related‑party transactions; transactions >$10 million with affiliates require approval by Coronado Group LLC.
- Structural change: Lead Independent Director role discontinued post‑AGM, potentially reducing independent leadership signals.
RED FLAGS
- Not independent; elected exclusively by EMG’s Series A holder.
- Compensation paid directly to EMG; Ms. Tyson not eligible for RSUs; no disclosed personal share ownership.
- EMG committee inclusion rights; potential conflicts on Compensation & Nominating and HSEC oversight.
- Lead Independent Director role discontinued, reducing overt independent counterbalance.
Appendix: Committee & Attendance Detail
| Committee | Members | Chair | 2024 Meetings | Tyson Membership |
|---|---|---|---|---|
| Audit | Greg Pritchard; Philip Christensen; William (Bill) Koeck; Jan C. Wilson; post‑AGM: Pritchard, Christensen, Wilson | Greg Pritchard | 5 | No |
| Compensation & Nominating | William (Bill) Koeck; Greg Pritchard; Laura Tyson | William (Bill) Koeck | 4 | Yes |
| HSEC | Philip Christensen; Greg Pritchard; Laura Tyson; Aimee R. Allen | Philip Christensen | 3 | Yes |
| Board | Eight directors in 2024; seven post‑AGM | Executive Chair leads non‑management sessions | 12 regular + 1 special | Attended ≥75% of applicable meetings |
Director Compensation Detail (2024)
| Name | Fees Earned or Paid in Cash (USD) | Stock Awards | Option Awards | Non‑Equity Incentive | All Other Compensation | Total |
|---|---|---|---|---|---|---|
| Laura Tyson | $115,531 | — | — | — | — | $115,531 |
Narrative: Ms. Tyson’s fee is paid to EMG; she is not entitled to receive fees in the form of RSUs; travel and other expenses reimbursed per policy.
Election Outcomes (2025 AGM)
| Nominee | Class | Votes For | Votes Withheld |
|---|---|---|---|
| Laura Tyson | Series A Holder (separate class) | 1 | 0 |
Related Party & Control Framework
- Series A Share provides EMG Group with rights to nominate/elect a proportion of directors tied to ownership (up to majority while ≥50%). EMG can designate one of its directors to any committee (subject to law/exchange rules).
- Relationship Deed includes indemnities and reimbursements to EMG affiliates; Audit Committee reviews related party transactions; transactions exceeding $10 million with affiliates require Coronado Group LLC approval.