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Diligent directors come up with new CEO incentive scheme
By Paul McBeth April 15 (BusinessDesk) - Diligent Board Member Service's directors have come up with a new incentive scheme for chief executive Alex Sodi to replace the stock options it has to cancel after granting him too many. The plan, which will be put to shareholders on J...
Glass Earth exploration writedowns push annual loss to $11.1M
April 15 (BusinessDesk) - Gold explorer Glass Earth Gold has reported an $11.14 million loss for the year to Dec. 31 after writing down $7.68 million of accumulated exploration costs relating to opportunities explored and superceded between 2005 and 2008. A fourfold increase in...
Summerset presses ahead with $100M Lower Hutt site
April 15 (BusinessDesk) - Summerset Group, the retirement village operator and developer, is pressing ahead with plans for a $100 million site in Lower Hutt after completing due diligence. The Wellington-based company plans to buy the 3.3 hectare site from Boulcott's Farm Heri...
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