Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Telecom Shareholders Welcome New Directors

Telecom Shareholders Welcome New Directors

Telecom shareholders re-elected businessmen Rob McLeod and Wayne Boyd as directors of the company at Telecom’s annual meeting in Wellington today.

This follows their appointment to the Board in July this year. Shareholders also re-elected Rod McGeoch and Michael Tyler who were standing for re-election by rotation.

Approximately 110 shareholders who attended the meeting were asked to vote on six resolutions, all of which were passed by a substantial majority.

Chairman Roderick Deane welcomed the shareholders’ decision to support the re-election of all four directors. “We have a very broad and well balanced set of skills and experience around the Telecom Board table.” Dr Deane said.

Resolutions passed by shareholders today were: • Authorising the directors to fix the remuneration of the Auditors • Re-election of directors • and • Amending the Telecom constitution to incorporate the New Zealand Exchange Listing Rules by reference.

The list of resolutions, along with the outcome of shareholder voting, is provided below:

RESOLUTION 1 That the directors be authorised to fix the Auditors’ remuneration. % of shares voted for: 99.99% % of shares voted against: 0.01%

RESOLUTION 2 That Mr Rod McGeoch be re-elected as a director of Telecom % of shares voted for: 95.39% % of shares voted against:4.61%

RESOLUTION 3 That Mr Michael Tyler be re-elected as a director of Telecom % of shares voted for: 99.25% % of shares voted against: 0.75%

RESOLUTION 4 That Mr Wayne Boyd be re-elected as a director of Telecom % of shares voted for: 99.51% % of shares voted against: 0.49%

RESOLUTION 5 That Mr Rob McLeod be re-elected as a director of Telecom % of shares voted for: 99.67% % of shares voted against: 0.33%

RESOLUTION 6 That Telecom’s constitution be amended, effectively immediately, as set out in the Annexure to the Explanatory Notes accompanying the Notice of Meeting. % of shares voted for: 99.90% % of shares voted against: 0.10%

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>

ALSO:

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO:

 
 
 
 
 
 
 
 
  • Bill Bennett on Tech