Elections

The Returning Officer calls for nominations for all positions as outlined below.

All nominations close at 4 pm Friday 28th February 2020. 

Nomination forms and Candidate Handbooks are available on request from the:

Returning Officer,
Livestock Improvement Corporation Ltd,
Private Bag 3016,
Hamilton 3240.

Phone: 07 856 0679
Email: melanie.tonkin@lic.co.nz

or phone the LIC Share Registry 0800 542 742 for assistance.

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.

LIC Shareholder Councillors are elected for a four year term by LIC Shareholders within their respective wards, based on one vote per participant code. The current Councillors representing the five wards within the Central Region are required to retire by rotation on 31 May 2020. They are:

  • Ward 11: North Taranaki (Mark Hooper);
  • Ward 12: Coastal Taranaki (Bede Kissick);
  • Ward 13: South Taranaki (Gordon Glentworth);
  • Ward 14: Manawatu/Rangitikei (Richard Ridd); and
  • Ward 15: Hawkes Bay/Wairarapa (David Hands).

Bede Kissick (Ward 12) and Gordon Glentworth (Ward 13) have chosen not to seek re-election after 10 years and 22 years on the Shareholder Council respectively.

Mark Hooper (Ward 11), Richard Ridd (Ward 14) and David Hands (Ward 15), 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, and receiving and commenting on reports on the Company’s key business unit operations.

 Shareholders within the above wards are invited to submit a nomination for the position on the Shareholder Council.

LIC Honoraria Committee Members are elected for a two-year term by all LIC Shareholders, based on one vote per participant code. David Gasquoine and Scott Montgomerie are required to retire by rotation on 31 May 2020.  David Gasquoine after 9 years on the Honoraria Committee has chosen not to seek re-election. Scott Montgomerie, being eligible, offers himself for re-election.

Role of 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 LIC Shareholders are invited to submit a nomination for a position on the LIC Honoraria Committee.

Directors and Shareholder Councillors

Qualification criteria for elected Directors and Shareholder Councillors are outlined in the LIC Constitution. Each must be an LIC Shareholder and a current user of at least one of the Company’s herd testing options and must submit a minimum of 60% of their herd for artificial breeding to semen marketed by LIC.

No person can be elected or appointed or hold office as a Director and a Shareholder Councillor concurrently.

LIC Honoraria Committee Members

A member of the Shareholder Honoraria Committee must be a Shareholder but cannot be a Director, Shareholder Councillor or permanent employee of LIC. 

Last year the, LIC Board introduced a candidate assessment process for LIC Directors and has again appointed Propero Consulting to undertake an independent assessment of each candidate in this year’s election. The assessment process is not compulsory, meaning that candidates can elect whether to go through the candidate assessment process or not. 

Where candidates have agreed to participate in the assessment process, the results of Propero’s assessment will be included in the voting papers sent to Shareholders as part of the information provided to assist you with voting for your Director representatives.

Propero Consulting is a highly-regarded organisation which specialises in governance services, including director candidate assessment processes. Further information about the assessment process may be found in the Candidate Handbook, which is available from the Returning Officer as outlined above.

All candidates must be nominated and seconded in writing by LIC Shareholders. In the case of candidates to be a Director or Shareholder Councillor, the nominator and seconder must be from the Region or Ward (as appropriate) where nominations are called. Nomination papers must be signed by the nominator, seconder and by the candidate.

ALL nominations close at 4 pm Friday 28th February 2020.