Seaspan changed its employment agreement with chief executive Gerry Wang to eliminate controversial sale-and-purchase fees. The company also axed related-party fees paid to board member Graham Porter for arranging vessel financing.
The move comes as Seaspan's largest shareholder and co-founder , the Washington Companies, increased its oversight of the New York-listed boxship lessor through additional board seats.
Wang was eligible to receive a 1.25%
