At the 2020 LIC Annual Meeting, in addition to business as usual matters, shareholder support for proposed changes to LIC’s Constitution and Governance and Representation Structure was sought and supported.
Proposed changes to the Constitution and Governance and Representation Structure
Shareholders voted on the following:
A. Update and streamline LIC’s governance and representation to make sure the co-operative is working at all levels for its shareholders.
B. Update the co-operative’s constitution to be able to appoint a “market maker” to improve the liquidity of LIC’s shares on the NZX.