‘Not personal’: NZSA to vote against Colonial Motor Company’s proposed resolutions at AGM

‘Not personal’: NZSA to vote against Colonial Motor Company’s proposed resolutions at AGM
NZSA chief excutive Oliver Mander said the association's decision to vote no against all CMO's annual meeting resolutions on Friday wasn't personal. (Image: NZME)
Ella Somers
The New Zealand Shareholders Association plans to go toe-to-toe with the Colonial Motor Company at its annual meeting on Friday and vote against all of the listed car dealer’s proposed resolutions in a bid to encourage the company to improve its governance disclosures.“While this decision does not bring us joy, the NZSA [NZ Shareholders Association] has a track record of collaborating with listed companies to reinforce their governance standards, leading to tangible enhancements in disclosure and governance practices over the past t...

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