'Cleansing in the washing machine': NZME board battle could be nearing the end

'Cleansing in the washing machine': NZME board battle could be nearing the end
Potential NZME board replacements include Simon West, Des Gittings, John Lewis, Adam Hoydysh and Philip Crump. (Image: NZME)
Rebecca Stevenson
NZME’s proposed new board is taking shape with expectations that investor Jim Grenon will embrace a nominee from a competing shareholder proposal and ease concerns about a board purge by bringing on media boss Michael Boggs. BusinessDesk understands NZME shareholder Grenon has increased support for his board coup to more than 50% and is adamant the existing board depart, despite hopes a compromise deal could be met to avoid a public showdown and to provide continuity. Insiders told BusinessDesk that NZME chair Barbara Chapman an...

More Markets

NZ stocks defy offshore trend to end stronger
Markets Market close

NZ stocks defy offshore trend to end stronger

New Zealand stocks ended strongly despite earnings downgrades and offshore trends.

Scott Technology's revenue drops 14%
Primary Sector

Scott Technology's revenue drops 14%

Its long term strategy is not far away.

Accent Group plans Sports Direct roll-out in NZ
Retail

Accent Group plans Sports Direct roll-out in NZ

With the help of London-listed Frasers Group, Accent Group will take on Rebel Sport.