Kathmandu CEO incentive scheme irks NZ Shareholders Assn

Mon, 16 Nov 2015

By Tina Morrison Nov. 17 (BusinessDesk) - The New Zealand Shareholders Association is unhappy with an incentive scheme Kathmandu Holdings proposes for its new chief executive Xavier Simonet. Kathmandu's board is seeking shareholder approval at a meeting in Christchurch this Friday to grant performance rights to Simonet, tied to total shareholder return and earnings per share growth. Following opposition from some shareholders that the targets were too low given they would be measured against last year's low profit, the board said yesterda...

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