Fletcher Building faces scrutiny over leadership and compensation

Fletcher boss Andrew Reding's pay is higher than the average, ISS says. (Image: NZSA)

Thu, 17 Oct 2024

An influential proxy adviser says Fletcher Building’s acting chair is leading too many boards and that the company is paying its new chief executive too much. Fletcher Building will hold its annual general meeting on Oct 23.The building materials conglomerate has had a torrid year, which saw its chair, chief executive officer and chief financial officer all exit against a backdrop of mounting losses, continued provisions for legacy construction projects and shares trading at 20-year lows.In 2024, three directors – Martin Brydon...

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