India, Oct. 26 -- NEXTDC Limited (NXT.AX), an Australian data centre operator, said CEO Craig Scroggie will give up his fiscal 2027 short- and long-term incentives, while the company has withdrawn a proposal to increase director fee limits following investor disappointment over delays at its M3 Melbourne facility and reduced fiscal 2027 guidance.
Scroggie will not receive any replacement payment or award. The company has also dropped its plan to raise the annual fee cap for non-executive directors to A$2.5 million from A$2.2 million. Current directors have agreed to a 10% fee cut, with board renewal to remain within the existing cap.
Chairman Douglas Flynn has reaffirmed his intention to retire once a successor is appointed and a short ha...