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


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news