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Rakon investors question need for director fee pool increase

UPDATE: Votes show large number of shareholders against fee rise, but it ultimately was passed.

Rakon chair Lorraine Witten.

Will Mace Wed, 16 Aug 2023
UPDATE

Just over 40% of Rakon shareholders who voted at today's AGM were against an increase to the board's fee pool from $530,000 to $603,500, including a rise in the “extra work” provision from $20,000 to $75,000 in total. 

The resolution passed thanks to a simple majority. Shareholders

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Will Mace Wed, 16 Aug 2023
Contact the Writer: william@nbr.co.nz
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Rakon investors question need for director fee pool increase
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