Xero to seek bigger directors fee pool for expanded board, director Elliott to depart

Tue, 06 Jun 2017

By Paul McBeth June 6 (BusinessDesk) - Xero wants to boost its pool for directors fees 64 percent to cater for an extra two or three directors to guide what's become a much larger software company since the board's pay was last reviewed three years ago. Shareholders of the Wellington-based company will vote at the July 12 annual meeting in Sydney on whether to approve increasing the fee pool to $1.4 million from $850,000, which Xero's notice of meeting says will let it recruit two to three extra non-executive directors in key markets suc...

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