Ryman board seeks 9% pay rise to cope with bigger business

Fri, 24 Jun 2016

By Paul McBeth June 24 (BusinessDesk) - Ryman Healthcare's board will ask shareholders to sign off on a 9 percent pay rise for directors as they cope with an increasingly larger retirement village operator. Shareholders will vote on July 27 at Ryman's annual meeting in Whangarei on whether to lift the pool for directors' fees to $910,000 from $835,000, the notice of meeting says. The board last sought an increase in pay in 2014 when the fee pool was raised to $730,000 from $670,000 and was automatically bumped up further to cover the exp...

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