Chorus to ask shareholders to lift directors' fee pool 12% to beef up board

Tue, 23 Sep 2014

By Paul McBeth Sept. 24 (BusinessDesk) - Chorus, the telecommunications network operator, will ask shareholders to hike the pool for directors' fees 12 percent if it needs to bolster its board as it tries to limit the impact of regulation on its revenue streams. Shareholders will vote on Oct. 29 in Wellington on whether to increase the pool to $1.1 million from $980,000 set in 2012 after Chorus was carved out of Telecom Corp, now known as Spark New Zealand, according to the company's notice of annual meeting. Chorus's independent director...

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