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Hot Topic Accountants
Investment
5 mins to read

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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Company profile
RAK
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$0.49
Change: 1%
08/04/2025, 2:53 pm
2025
2025
2025
2025
$0.25
$0.50
$0.75
$0.25
$0.50
$0.75
$0.25
$0.50
$0.75
$0.25
$0.50
$0.75
Price
$0.49
Previous Close
$0.50
Turnover
$27k
Movement
$0.01
Volume
54,126
Avg Daily Volume
61k
Daily High
$0.50
Daily Low
$0.49
52 Week High
$1.18
52 Week Low
$0.49
Company profile
RAK
Powered by: nzx logo
$0.49
Change: 1%
08/04/2025, 2:53 pm
2025
2025
2025
2025
$0.25
$0.50
$0.75
$0.25
$0.50
$0.75
$0.25
$0.50
$0.75
$0.25
$0.50
$0.75
Price
$0.49
Previous Close
$0.50
Turnover
$27k
Movement
$0.01
Volume
54,126
Avg Daily Volume
61k
Daily High
$0.50
Daily Low
$0.49
52 Week High
$1.18
52 Week Low
$0.49
Rakon investors question need for director fee pool increase
Investment,
100397
true