Originally Posted by
ronaldson
That was me.
NZSA try to take a balanced view in each case. When you appoint NZSA under a standing proxy you remain free to set that aside in any instance and exercise the vote in your personal capacity, and I chose not to do that on this occasion.
If you check very recent posts on the Turners Automotive thread you will see I have exercised my judgement against voting for their proposed increase despite my standing proxy, although I would have been prepared to have accepted a lesser increment.
And I did lend support to another shareholder, not in attendance at the KFL meeting, where the Chair to his credit read his/her written comments with regard to the methodologies/comparatives applied by Strategic Pay and others in establishing recommendations for the fixing of Directors fees which lead inexorably to rises without real regard to more complex circumstances.