Xero to ask shareholders to double director fee pool to add global talent

Fri, 15 Jun 2012

June 15 (BusinessDesk) – Xero, the cloud-based accounting services company, is asking shareholders to approve a doubling of the pool of fees for directors, saying it wants to add two board members and needs to attract talent from offshore. The maximum aggregate remuneration would increase to $500,000 from $250,000, the level it has been at since June 2007, the Wellington-based company said in its notice for its annual meeting on July 26. That will pay for two foreign directors, preferably in its growing Australian and US markets, and give it s...

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