CORRECT: NZSA pans Kathmandu's lack of disclosure on directors' fee increase

Mon, 19 Nov 2018

(Corrects to show in the 7th paragraph that the annual report does provide details of directors' fees in story that ran on Friday Nov. 16.) By Jenny Ruth Nov. 16 (BusinessDesk) - Outdoor clothing and equipment retailer Kathmandu Holdings’ proposal to hike its directors’ fee pool by 25 percent has drawn the ire of the New Zealand Shareholders’ Association. Kathmandu’s board wants to increase the pool by A$200,000 to A$1 million. It isn’t the amount of increase that irks the association but the lack of disclosure about why the increase i...

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