NZX directors must 'work harder' on markets: NZSA

NZX's share price has been languishing. (Image: NZME)

Thu, 21 Mar 2024

NZX Limited’s shares aren't performing but that doesn’t mean its directors shouldn’t get a pay rise, the New Zealand Shareholders Association says. The operator of the NZ stock exchange (NZX) is itself a listed company and proposes to increase its director remuneration pool from $564,000 to $779,000. In its notice for its annual meeting scheduled for April 18, NZX said to attract and retain talent and ensure strong governance of NZ's stock exchange, it was essential it paid market rates for director fees...

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