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Tuesday, 27 February 2024 10:25

Tone deaf?

Written by  The Hound
Tone deaf?

OPINION: Your old mate can't believe the absolute brass neck of the directors at Beef + Lamb NZ who are asking levypayers for a hefty increase in directors fees at the time of record low red meat prices.

You'd think B+LNZ might have learnt its lesson about getting offside with levypayers around its support for the disastrous He Waka Eke Noa process, which eventually led to the demise of previous chair Andrew Morrison.

However, it seems B+LNZ directors don't care how the optics of a fee increase look to struggling red meat farmers.

According to papers sent out for B+LNZ's annual meeting next month, the board is recommending the total director fees pool lift by $73,500 from $401,500 to $475,000 per annum.

This would see chair Kate Acland's payment rise from $76,220  to $90,000, while each director will see their annual stipend jump from $38,110 to $45,000.

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As Stuff notes, “It wasn’t the Playboy cover which caused offence. No, it was the back page which… featured an advert for a cigarette brand”.

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