Fletcher Building backs off fee boost for board
Resolution on $0.5m increase for directors’ fee pool withdrawn from annual meeting.
Fletcher Building chair Bruce Hassall.
Fletcher Building has pulled back on a proposed $500,000 increase in its directors’ fee pool citing pressure from shareholders.
In a statement to the NZX, Fletcher said it had decided to withdraw a resolution on directors fees from its annual meeting on October 27.
The resolution had proposed to
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