Intueri directors halve their fees as SFO and TEC investigations into schools continue

Wed, 18 May 2016

By Fiona Rotherham May 18 (BusinessDesk) - Directors of Intueri Education Group have cut their base director fee in half as the listed training provider seeks to cut costs, has laid off 70 staff, put dividends on hold, and seen its share price tank after ongoing reviews by the Tertiary Education Commission and Serious Fraud Office. The savings from the director fee cut will only amount to around $200,000 a year but chairman Chris Kelly told shareholders at the annual meeting in Auckland it was a case of “all shoulders to the wheel at a pa...

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