Trade Me wants to increase board fees 23 percent to accommodate extra directors

Wed, 25 Sep 2013

By Tina Morrison Sept. 25 (BusinessDesk) – Trade Me, New Zealand’s largest online auction site, wants to increase the pool of fees for its directors by 23 percent to accommodate paying for two director positions which were previously funded by Fairfax Media. The company will ask shareholders at its annual meeting in Wellington next month to increase the fee pool for its directors to $800,000 from $650,000, according to the notice of meeting published today. The fee pool was set up before Fairfax sold down its holding in December 2012, when...

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