NZ Refining wants minimum board size cut from eight to three

Sun, 17 Apr 2016

By Paul McBeth April 18 (BusinessDesk) - New Zealand Refining, which operates the country's only oil refinery, wants shareholders to approve a change to the company's constitution that would allow for a smaller board. The Whangarei-based company's shareholders will vote on May 4 in Auckland on whether to back a change that would let NZ Refining cut its minimum number of directors to three from eight, and remove a maximum cap of 12 directors. The oil refinery operator expects the board would be made up of three representatives from its oi...

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