CORRECT: Marsden Maritime censured over council vote on director fee hike

Wed, 20 Aug 2014

(Fixes Marsden Maritime argument in 4th graph) By Paul McBeth Aug. 21 (BusinessDesk) - Marsden Maritime Holdings, formerly known as Northland Port Corp, has been publicly censured by the stock market's disciplinary tribunal, which said Northland Regional Council was a related entity and shouldn't have participated in a vote to hike the pool of director fees. The tribunal said the Whangarei-based company and council, which holds a 53 percent stake, were associated entities because Marsden Maritime director Colin Mitten was also chairman...

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