LIC Directors are elected on a regional basis for a four-year term by LIC Shareholders within the relevant region, based on one vote for each LIC share held*.
Shareholders in the Midland Region have the opportunity to vote for their Director representatives in 2020.
The current Directors in the Midland Region, Gray Baldwin and David Jensen, are required to retire by rotation on 31 May 2020. Gray Baldwin and David Jensen, being eligible, offer themselves for 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 require those powers to be exercised by the Shareholders or by any other person.
Shareholders within the Midland Region are invited to submit a nomination for a position on the LIC Board.
* Subject to the application of the Maximum Voting Rights restriction as set out in the LIC Constitution.