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[sharechat] Contact Directors' Fees


From: "Ben Dutton" <bendutton@sharechat.co.nz>
Date: Wed, 17 Jan 2001 10:34:34 +1300


Some Contact shareholders may be interested in reading the following article
that appeared in Stuff this morning:

http://www.stuff.co.nz/inl/index/0,1008,594548a13,FF.html

It's about David Zwartz, the small shareholder who managed to block an
increase in Director's fees at last years AGM.

He's now back to try and block another proposed increase, acting as a proxy
holder and spokesman for small shareholders.

I have a feeling that he will not be successful (last year he was able to
block the rise on a technicality) but it's great to see a small shareholder
making a large stand, the sort of action that's reminiscent of the ASA
across the Tasman.

Best Regards

Ben Dutton


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