TrustPower to ask shareholders for 6.8 percent bump to directors’ fee pool

Mon, 24 Jun 2013

June 24 (BusinessDesk) - TrustPower, the utility controlled by Infratil, will ask shareholders to bump up the directors’ fee pool by 6.8 percent after a three-year hiatus. The Tauranga-based electricity generator and retailer wants investors to approve lifting the pool of directors fees to an annual $705,00 from April 1 of this year, from $660,000 currently. The company’s six directors were paid an aggregate $577,000 for the year ended March 31, and it doesn’t intend to draw down the full amount if shareholders agree to the resolution. Trus...

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