NZ Shareholders Association to vote against reelection of Rakon chair, director

NZ Shareholders Association to vote against reelection of Rakon chair, director
By Tina Morrison Aug. 29 (BusinessDesk) – The New Zealand Shareholders Association will next month vote against the reappointment of Rakon chairman Bryan Mogridge and director Darren Robinson, citing erosion of shareholder wealth and the desire to improve company governance. The Shareholders Association will use its proxies to vote against the reappointment of Mogridge at the Sept. 6 meeting in Auckland after shares in the maker of crystal oscillators lost half their value the past year, making it one the worst performers on the stock exchan...