Business
Myer shrinks board, cuts directors fees – The Australian Financial Review
Myer has moved quickly to appease fund manager Geoff Wilson, announcing the retirement of two directors and a reduction in directors’ fees.
This followed a 16.7 per cent reduction in directors fees in 2020 because of the coronavirus pandemic. It is the third reduction in chairman and non-executive director fees since 2018. These reduced fees will remain in place for at least two years.
Replying to Mr Wilson, Mr Hounsell said the reduction in the size of the board had been under consideration for some time.
“The Myer board is extremely mindful of minimising board and other costs, and the board size must reflect the size of the busi…
-
General13 hours agoBritish and US planes fly 12-hour mission to patrol Russian border
-
Noosa News16 hours agoWarm weather could make way for rain with ‘damaging winds, large hail’
-
General15 hours agoYoung boy flown to Brisbane hospital after K’gari dingo attack
-
Noosa News22 hours agoBrisbane muralist explains why he ended his plan to eat one chicken a day for a year