BRIAN GAYNOR: Directors want more money for less work

Fri, 01 May 2020

Two virtual shareholder meetings on Wednesday, for Summerset and New Zealand Refining, raised major issues of concern. They showed that it is hard to challenge directors through these online processes, particularly as far as director fees are concerned. Shareholder questions are lodged through a moderator and it is difficult to submit immediate follow up questions when the initial answer is unsatisfactory. The other concern is that directors seem to like these virtual meetings, particularly Summerset chairman Rob Campbell, and may want to...

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