Infratil directors' fee increase gets NZSA tick of approval

Tue, 13 Aug 2019

By Jenny Ruth Aug. 14 (BusinessDesk) - Days after announcing that it will vote against Xero’s proposed increase in directors’ fees, the New Zealand Shareholders’ Association is holding out Infratil as an example of best practice of how to go about getting its approval. Infratil wants to increase its pool of directors’ fees by $294,802 to $1.33 million a year and has won over NZSA while Xero is asking for an $800,000 increase to $2.2 million. Xero’s market capitalisation at A$8.77 billion is more than double Infratil’s $3.26 billion but...

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