Responsible investors build steam for proxy Fletcher challenge

Fletcher chief executive, Ross Taylor. (Image: NZME)

Wed, 11 Oct 2023

There’s a big vote coming up this month. Not that one.It's the one where one of the biggest companies listed in New Zealand looks to rubber-stamp corporate resolutions in what is generally an uncontested election.In this case, however, Fletcher Building may face some resistance in pushing through director nominees and a 25% board pay hike set to top-up the fee pool to $2.5 million.It is understood at least two of the most influential proxy-voting firms in the region have bucked convention and recommended investors reject all Fletcher...

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