NZME board under siege: shareholder defends performance, CEO pay

The future of NZME's board could come down to the annual meeting in April. (Image: NZME)

Thu, 20 Mar 2025

In the midst of a battle for control of NZME’s board, one shareholder has mounted a robust defence of its performance and leadership. The New Zealand Exchange-listed (NZX) media company’s board is under pressure from Canadian expatriate businessman Jim Grenon. He plans to replace the current board and wants shareholders to vote for him and three Grenon-approved nominees. Grenon, who has built up a more than 9% stake in NZME, claims to have close to 50% backing for his bid to oust NZME’s board at its annual gener...

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