Comvita board proposes increased fee pool to hire tech-experienced director

The board of Comvita, the manuka honey products company, is proposing to increase its pool for directors’ fees so it can hire a new director with technology experience.

In its notice of annual meeting, Comvita’s board recommends increasing the maximum pool of total director remuneration by $60,000 to $610,000, the equivalent of an annual fee for one director.

The pool was increased by $100,000 at Comvita’s annual meeting last year, with a 25.3% increase in per-director fees over two years, partly conditional on earnings per share increases which were met.

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