Comvita, which makes products based the virtues of honey, will ask shareholders to approve a deeper pool of fees for directors to draw on at tomorrow's annual meeting.
The Te Puke-based company wants to raise the maximum aggregate fees payable to $400,000 from the current $300,000, it said in its notice of meeting.
If Comvita gets sign-off on the increase, it will raise fees over the next two years, and will also cover the addition of a sixth director if need be.
"The proposed additional directors' remuneration above also allows some 'headroom' to cover situations where the board may decide to make a payment to a director for assisting the company in duties significantly over and above the normal directors' duties," the company said.
"Such additional may include capital raising, acquisitions, dealing with a takeover of Comvita, or assisting on special products undertaken by the executive team," it said.
Last month, Comvita issued shareholding beekeepers with bonus stock after an on-market buyback, rewarding its most loyal suppliers.
The company fought off a hostile takeover bid by Cerebos Greggs, and went on to post a record profit on fatter sales.
NZN