Fletcher calls in the consultants as chair quits

Fletcher calls in the consultants as chair quits
Who is next to exit Fletcher? All the board please, Simplicity founder Sam Stubbs says as chair Bruce Hassall pulls forward his resignation. (Image: Supplied)
Rebecca Stevenson
Fletcher Building has called in high-profile Australian corporate consultants to gauge the mood of its major shareholders. Leaked correspondence revealed Fletcher Building shareholder Simplicity, the New Zealand Shareholders Association (NZSA) and Blackbull Research wrote to the listed building giant in late February formally calling for an “orderly” resignation of its entire board and an independent valuation of the business if it were broken up. The abrupt resignation of chair Bruce Hassall on Monday has been welcomed by...

More Markets

NZ sharemaket up 0.1% despite 'volatile' markets
Markets Market Close

NZ sharemaket up 0.1% despite 'volatile' markets

The S&P/NZX 50 Index closed at 12,338.57, up 18.38 points or 0.15%.

NZX-listed companies take stock in wake of US tariff moves
Economy

NZX-listed companies take stock in wake of US tariff moves

Wine makers, manufacturers and others mull what trade wars will bring.

Analysts struggle to find upside from Trump tariffs
Economy

Analysts struggle to find upside from Trump tariffs

‘They've forgotten the lessons of the Great Depression,’ one analyst said.