RESEND: NZ Shareholders' Association to oppose Stride's directors' fee bump

Thu, 22 Aug 2019

(Resend for customers who missed delivery) By Jenny Ruth Aug. 22 (BusinessDesk) - The New Zealand Shareholders’ Association says it will vote any proxies it holds against Stride Property and Stride Investment Management’s proposal to increase directors’ fees. The Stride companies, which are stapled securities quoted on NZX under a single ticker, SPG, are proposing to increase directors’ fees by $45,000 to $805,000. “The current fees are at or about the 75th percentile of the comparator companies whereas SPG’s metrics are closer to t...

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