Increases draw fire

Some Sky TV shareholders registered their dissatisfaction with directors' fee increases at the company annual meeting in Auckland yesterday.

About 8 of the 60 people at the AGM voted against an increase in the annual allocation from $500,000 to $750,000.

Chairman Peter Macourt said the scale of the increase was because fees had not changed since 2006.

© Copyright 2014, APN New Zealand Limited

Assembled by: (static) on red akl_n4 at 22 Aug 2014 16:05:19 Processing Time: 499ms