NZX in for a tongue-lashing at AGM

NZX in for a tongue-lashing at AGM
NZX chair John McMahon is seeking re-election, a pay bump and is promising to focus more on the company in the next two years. (Image: Supplied)
Pattrick Smellie
Directors of New Zealand’s listed stock exchange operator, NZX, can expect a tongue-lashing from at least one shareholder at this week’s annual meeting, where directors are seeking a 38% increase in their fee pool.Described variously as “ridiculous” and “egregious” by BlackBull Research analyst Eden Bradfield, the increase would be the third year in a row that NZX directors have sought “adjustments to bring … fees in line with the market media”.The proposed increase, from $564,000 to $779,0...

More Markets

NZ sharemarket falls 1% to near-low for year
Markets Market close

NZ sharemarket falls 1% to near-low for year

The index closed at 11,557.21, down 121.46 points or 1.04%.

Graham Skellern 30 May 2024
Why Rakon will never mention Nvidia
Markets

Why Rakon will never mention Nvidia

Space isn't the final frontier for the advanced manufacturer.

High labour costs hit Green Cross Health profit
Markets

High labour costs hit Green Cross Health profit

The group is tightening up operations but is still expanding.

Staff reporters 30 May 2024
TradeWindow narrows losses, grows revenue
Markets

TradeWindow narrows losses, grows revenue

TradeWindow has narrowed its losses and grown revenue by 26% in what it describes as the company’s most challenging year.In the 12 months to the end of March, the global trade software business recorded revenue of $6.2 million with a net loss after tax of $8m.That’s compared to r...

Staff reporters 30 May 2024