Meridian Energy will watch first for closure by fossil fuel-fired power stations before making any decision on how it responds if the Rio Tinto, majority owner of the Tiwai Point aluminium smelter, exercises its option to terminate its contract on July 1 next year, Meridian’s chief executive, Mark Binns, told shareholders at the company’s first annual meeting since listing on the …

Chorus, the regulated telecommunications network operator, wants to add another independent director to its board to enhance its capability in what’s become a vastly different landscape in just three years. Shareholders today voted on whether to approve a lift in the pool for directors’ fee to $1.1 million from $980,000, which was set in 2012 when Chorus was carved out …

Dorchester Pacific, the finance company, has reached the 90 percent threshold in its takeover of Turners Group, allowing it to mop up remaining shares in the car auction firm. Dorchester offered Turners’ shareholders either $3 a share in cash, two-year notes that pay interest of 9 percent and convert to Dorchester shares, ordinary shares of Dorchester, or any combination of the three. …