Infratil shareholders not happy about increase in director fees

(Image: Infratil)

Fri, 18 Aug 2023

Many Infratil shareholders aren’t happy about the infrastructure investor’s move to hike its director remuneration pool by $196,125.About 26% of the shareholding vote was against the move to raise Infratil’s director pool from $1,329,375 to $1,525,500 per annum.The remainder – 332,187,119 votes – supported the remuneration increase.Tech company Rakon also saw a similar reaction to director fees being hiked at its annual meeting earlier in the week.Long-time shareholder Mike Daniel told the firm, which wanted to rai...

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