Z directors seek $100,000 bump to fee pool

Wed, 08 Jun 2016

By Paul McBeth June 8 (BusinessDesk) - Z Energy's seven-strong board wants to bump up the pool for directors' fees 11 percent to $1 million for what's a much larger company since taking over the assets of Chevron New Zealand. On July 1, the Wellington-based company's shareholders will vote on whether to raise the fee pool $100,000 to $1 million for non-executive directors, the first such increase since the service station chain listed in 2013. Z said the increase would also cover succession periods where the board expanded to eight direc...

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