Diligent Board Member Services, whose trebling of annual profit has been undermined by administrative errors, will ask shareholders to appoint a new director and auditor at the upcoming annual meeting in June. The New York-based firm’s board today resolved to add another director and will ask shareholders to appoint ex-tech company chief financial officer Greg Petersen at the AGM, it …

Fulton Hogan, the privately held construction firm, has scotched speculation it’s being prepared for sale as being “totally incorrect”. Managing director Nick Miller said the Christchurch-based company has engaged Credit Suisse and its local counterpart First NZ Capital to look at the firm’s balance sheet. Speculation in the Australian Financial Review that Fulton Hogan is being prepared for sale is …

Proposed changes to the Resource Management Act are a timid, missed opportunity and are “unlikely to contribute to the Prime Minister’s goal of making New Zealand ‘a magnet for investment’,” says BusinessNZ. The peak business lobby group says a discussion paper issued on Feb. 28 by Environment Minister Amy Adams fails to consider the erosion of private property rights that …