Entrust seeks special meeting to remove Vector chair Stiassny

Wed, 29 Aug 2018

By Gavin Evans Aug. 30 (BusinessDesk) - Vector’s major shareholder is seeking a special meeting to formally remove company chair Mike Stiassny from that role. Entrust, which holds 75 percent of the firm’s shares on behalf of customers of the former Auckland Electric Power Board, said it has taken the unprecedented step due to an “irrevocable” breakdown in its relationship with Stiassny, who is due to step down at the company’s annual meeting in October. Entrust chair William Cairns said the trustees made the “difficult” decision last w...

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