Freightways shareholders scrutinise 7.5% rise in directors fees; trading update shows solid growth

Wed, 28 Oct 2015

By Fiona Rotherham Oct. 29 (BusinessDesk) - A 7.5 percent increase in directors' fees came under scrutiny by Freightways shareholders today – a trend evidenced at other annual general meetings this year - as the company gave a first-quarter trading update showing profit rose 13 percent. Shareholders in the logistics and courier business were asked at the annual meeting in Auckland to increase the pool of directors’ fees by $36,000 to $484,000 following an independent market review in order to bring non-executive directors remuneration in...

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