3 questions lodged at 2025 Serko hybrid AGM

Q1. New Zealand is becoming a governance backwater as it continues to resist mandating annual voting on remuneration reports, which is standard in many countries. Will the chair undertake to consult with major shareholders and lead a board discussion on the issue of whether you will voluntarily put up a rem report resolution for an advisory vote at next year's AGM? This is the law in Australia and we are dual listed on the ASX, so why don't we step up and respect shareholders by adopting Australian market practice?

Answer: The chair said they'd look into this, unlike many other Kiwi chairs who just dismiss the request. Watch video of exchange via Twitter.

Q2. Thank you to Clyde McConaghy for his many years of service on the board. It is always helpful for investors to have access to some exit perspectives from retiring directors. In his final contribution as a Serko director, could Clyde please comment on what he regards as the 2 best decisions Serko made during his time on the board and does he have any regrets?

Answer: Clyde said good people management and international partnerships, such as with Booking.com were the two best calls. Watch video of this via Twitter, plus his regrets response which took quite a while to not offer any.

Q3. When is New Zealand going to get rid of this pointless annual requirement to set the audit fees. If we vote this down, what happens? Do the auditors have to work for free or do previous authorisations cover their pay? Also, when did we last tender the external audit and when will we next tender the external audit?

Answer: The chair said they have no control over the resolution and that Deloitte's gig was last tendered 6 years ago with no current plans to run another tender. Watch video of exchange via Twitter.

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