Three more companies are preparing to seek approval from shareholders for a rise in fees for directors.
Last week, shareholders heckled Contact Energy for almost doubling the pool of fees for directors to $1.5 million.
Afterwards, Contact backed down from raising their base fees immediately, but can still do so at any time.
This week, Hellaby will seek approval to increase its fees by 50%, New Zealand Oil & Gas by 76%, and Sky City Entertainment by 27%.
Milford Asset Management executive director Brian Gaynor says these proposals are unlikely to be as controversial as Contact's.
He says they have different reasons for raising fees, than Contact.
Mr Gaynor says Hellaby Holdings and Sky City last increased fees for directors two years ago. New Zealand Oil & Gas did so last year.
Other companies
The Otago Daily Times reports on Monday that directors of Dunedin City Council companies are expected to have fee increases of up to 30% confirmed next week - despite calls from some councillors that more restraint be shown in current economic conditions.
Earlier this month, Vector withdrew a proposal to raise the fees for its directors.
