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Mineral Resources (ASX:MIN) has unveiled its long-awaited corporate response to proven tax-dodging and further allegations surrounding its top dog Chris Ellison. In short, the company has noted that Ellison must receive “sanction” and “penalty,” but that he will stay on the board. That penalty looks like an $8.8M hit in penalties and nearly $10M wiped off his paycheck. This “[reflects] the significant of corporate governance and reputational issues to the company,” MinRes’s Board wrote on Monday. Of course, then again, Chris Ellison is already a billionaire. But Ellison’s retained tenure as le…

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