NZSA wants Meng Foon off PGW board

(Image: Supplied)

Fri, 08 Mar 2024

The New Zealand Shareholders Association has described moves by PGG Wrightson’s largest shareholder to dump most of its independent directors as “one of the worst cases of board interference” in the past few years.Last month, Agria, which has a 44% stake in the listed rural services firm, requested a special meeting to have Alan Lai reinstalled as a director and ultimately chair, as well as installing its own three new NZ directors.It would dump current chair Garry Moore and the two other PGG Wrightson independent directors, S...

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