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Shareholders throw support behind Colonial, as NZSA probes firm

NZSA chief executive Oliver Mander asked further questions about disclosure at company’s 105th annual meeting.

NZSA chief executive Oliver Mander.

Key points
  • What’s at stake: NZ Shareholders’ Association voted against all resolutions at the Colonial Motor Co AGM today over concern about disclosure to investors.
  • Background: NZSA chief executive Oliver Mander wants the company to provide more information about risk and risk mitigation, as well as disclosure about the composition of the company’s board and skillsets.
  • Key players: Colonial Motor Co, Ashley Waugh, NZSA, Oliver Mander, NZX.

Shareholders have overwhelmingly approved resolutions at Colonial Motor Co’s annual meeting today and thrown support behind the board and executive team.

Ahead of today’s meeting in Wellington, Shareholders’ Association chief executive Oliver Mander said it would be voting against the four

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Jonathan Mitchell Fri, 10 Nov 2023
Contact the Writer: jmitchell@nbr.co.nz
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Key points
  • What’s at stake: NZ Shareholders’ Association voted against all resolutions at the Colonial Motor Co AGM today over concern about disclosure to investors.
  • Background: NZSA chief executive Oliver Mander wants the company to provide more information about risk and risk mitigation, as well as disclosure about the composition of the company’s board and skillsets.
  • Key players: Colonial Motor Co, Ashley Waugh, NZSA, Oliver Mander, NZX.
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Shareholders throw support behind Colonial, as NZSA probes firm
Investment,
101621
true