Rakon boardroom battle continues as two independent directors bow out

Small cap has big board troubles. (Image: NZME)

Wed, 13 Aug 2025

In the latest twist in the board battle at Rakon, independent directors Jon Raby and Lisbeth Jacobs won't stand for re-election at the annual meeting on Aug 22.“Given the influence now exhibited by directors representing the two largest shareholder groups, it has become untenable for us to work within this new governance environment and its controlling interests,” they said in a notice to the company, which was uploaded to the NZX.Both were appointed last March.The battle at the high-tech manufacturer is pitting Brent Robinson,...

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