Summerset backs away from director fee hike due to Iran war
The company said it was not appropriate to seek higher fees while staff and residents were feeling the pinch.
Summerset retirement village.
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Dual-listed retirement village operator Summerset Group has withdrawn a proposal to increase director fees, saying it was no longer seen as “appropriate” in light of the cost-of-living pressures felt by residents and staff as a result of the war in Iran.
The company had planned to ask
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