Our Board of Directors set the vision and long-term goals of the co-operative. This includes the strategy to achieve that vision, as well as the monitoring of the strategy implementation.
They also play an important role in ensuring that LIC complies with all necessary legislation and account to shareholders for the LIC’s activities.
We have six farmer-elected and three independently appointed directors.
Farmer-elected directors are shareholders of LIC, elected by shareholders to represent the North or South Island. Appointed directors are independent, and ensure our Board has the appropriate skills and competencies to lead LIC effectively. Their perspectives and experience complement the industry knowledge and other expertise provided by farmer elected directors.
Director elections are held at our Annual Meeting. All directors serve a three-year term.
Back row: Sophie Haslem (appointed), Ben Dickie, Gray Baldwin, Alison Watters
Front row: Tim Gibson (appointed), Matt Ross, Murray King (Chair), Ken Hames, Candace Kinser (appointed)
Implementation of 2020 Governance Review
In 2020, LIC shareholders voted to update and streamline our governance and representation structure to make sure the co-operative is working at all levels for its shareholders.
We are now implementing these changes, which include a smaller Board, with equal weighting of Elected Directors across North and South Islands, and simplified elections at the Annual Meeting.
The Board will be transitioned to this new structure by 2023 with the following elections at our Annual Meeting:
- 2021 - 2x South Island Directors
- 2022 - 2x North Island Directors and 1x South Island Director (1x North Island seat to be disestablished)
- 2023- 1x North Island Director