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Photo: Getty Images The shareholders of specialty milk producer Synlait have a stark choice to make this week to either approve a capital injection or risk putting the company in the hands of a receiver. Shareholders were being asked to approve a $218 million cash injection by its two largest shareholders, along with financial restructuring to fix its most immediate financial problems. However, the deal excludes all other shareholders and would result in their stakes being diluted, as the largest shareholder China's Bright Dairy will increase its stake to 65 percent, and A2 Milk will preserve its near 20 percent stake. Synlait chair George Adams said the alternatives were far less appealing. "We're pretty much at the end of the road," Adams said. He said time was ticking for the business...

Workplace Relations Minister Brooke Van Velden says new requirements will give clarity to workers and businesses. Photo: RNZ / REECE BAKER A major union and a big business group are at odds over whether planned changes to employment law will simplify or complicate matters. The government is introducing new tests to define whether workers are employees or contractors. It comes after a Court of Appeal case ruled four Uber drivers were employees and should receive benefits like holiday pay. Workplace Relations Minister Brooke Van Velden says new requirements will give clarity to workers and businesses. She declined to be interviewed by Morning Report on the matter, but on Sunday said if four criteria were met, then a worker would be classified as a contractor - and without the benefits b...

The coalition government is planning to drop what it calls a "huge layering of personal liabilities for directors" to encourage more listings on the stock exchange. Speaking to RNZ's series RICH: The meaning of wealth in Aotearoa, Commerce Minister Andrew Bayly said the key to creating more wealth was to make it easier for companies to attract investment, grow and become exporters. He revealed plans to scrap requirements for companies to tell prospective investors about future earnings forecasts. He also hinted other obligations on company directors may go - including possibly removing the personal liability for climate-related disclosures. The changes would make it easier for companies to list on the New Zealand Stock Exchange (NZX), which in turn would help companies and the economy grow...