The Returning Officer calls for nominations for all positions as outlined below. All nominations close at 4pm Thursday 21st March 2019 (extended from 18th March 2019). Nomination forms and Candidate Handbooks are available on request from:
The Returning Officer
Livestock Improvement Corporation
Private Bag 3016
Phone: 07 856 0679
Or phone the LIC Share Registry 0800 542 742 for assistance.
1. Directors are elected on a regional basis for a four-year term by qualifying shareholders, based on one vote for each LIC share held. Shareholders in the Northern Region have the opportunity to vote for their Director representative in 2019.
The current Director in the Northern Region, Murray Jagger, is required to retire by rotation on the 31 May 2019. After serving 19 years on the LIC Board, Murray Jagger has chosen not to seek re-election.
Role of LIC Directors:
Directors have a governance role within LIC. Directors have all the powers necessary to manage, direct and supervise the management, business and affairs of the Company, except to the extent where the Constitution or the Companies Act expressly requires those powers to be exercised by the Shareholders or by any other person.
Qualifying shareholders within the Northern Region are invited to submit a nomination for a position on the LIC Board.
2. LIC Shareholder Councillors are elected for a four-year term by qualifying LIC shareholders within their respective wards, based on one vote per participant code. The current Councillors representing the six wards within the Southern Region are required to retire by rotation on 31 May 2019. They are:
- Ward 16: Tasman / Marlborough (Fraser Macbeth);
- Ward 17: West Coast (Nathan Keoghan);
- Ward 18: Canterbury (Simon Clisby);
- Ward 19: South Canterbury / North Otago (Bruce Murphy);
- Ward 20: Otago / North Southland (Mark Shore); and
- Ward 21: Southland (John Dowdle).
Fraser Macbeth (Ward 16) and Simon Clisby (Ward 18) have chosen not to seek re-election.
Nathan Keoghan (Ward 17), Bruce Murphy (Ward 19), Mark Shore (Ward 20) and John Dowdle (Ward 21), being eligible, offer themselves for re-election.
Role of LIC Shareholder Councillors
Shareholder Councillors are representatives of Shareholders and require a general knowledge of the dairy industry and LIC operations. The primary functions of the Shareholder Council include approving the Company’s mission statement and Key Strategic Objectives, reviewing the Board’s progress towards achieving the Key Strategic Objectives of the Company, and receiving and commenting on reports on the Company’s key business unit operations.
Qualifying shareholders within the above respective wards are invited to submit a nomination for the position of Shareholder Council Representative.
3. LIC Shareholder Honoraria Committee Members are elected on a two-year rotational basis by all qualifying LIC shareholders. Paul Todd and Ian Brown are required to retire by rotation on 31 May 2019 and being eligible, offer themselves for re-election.
The Honoraria Committee currently consists of David Gasquoine (Matamata); Paul Todd (Marlborough), Scott Montgomerie (Auckland) and Ian Brown (Tokoroa).
LIC Honoraria Committee
LIC’s Constitution requires members on the Honoraria Committee to annually consider and recommend the remuneration for Directors and Shareholder Councillors. Shareholders consider and vote on the Committee’s recommendations at the Company’s Annual Meeting.
All qualifying LIC shareholders are invited to submit a nomination for a position on the LIC Shareholder Honoraria Committee.