22 Oct 2010

Shareholders support pay rise for Vector directors

6:42 pm on 22 October 2010

The Shareholders Association is backing a 5% pay rise for all nine Vector directors.

Hundreds of shareholders approved the pay rise at the electricity and gas company's annual meeting in Auckland on Friday.

A minority argued against the pay rise.

Association chairman John Hawkins says the increase, which is less than the rate of inflation, is reasonable.