Diligent Board Member Service’s directors have come up with a new incentive scheme for chief executive Alex Sodi to replace the stock options it has to cancel after granting him too many. The plan, which will be put to shareholders on June 4 at the annual meeting, will offer Sodi stock and options provided he meets revenue and earnings growth, …

Property for Industry led the NZX50 up before lunchtime today as it announced a deal to merge with Direct Property Fund, an unlisted PIE in the same sector, to create a commercial property empire worth close to $800 million. PFI shares were up 4.9 percent at 11am, at $1.40, and were showing a 14.1 percent gain over the last 12 …

Cofco chairman Frank Ning was one of the star performers at the inaugural New Zealand China Partnership Forum in Beijing last Friday. Ning has thought long and hard about Cofco’s relationship with food-producing nations like New Zealand. I’ll be writing more about this in coming days. Meantime this Bloomberg clip gives an indication into Ning’s thinking.