The LIC Shareholder Council is made up of representatives from 21 wards throughout New Zealand. Councillors are elected on a rotational basis by qualifying shareholders in their ward. Each councillor serves for four years.
What the Shareholder Council does
The Shareholder Council is responsible for reviewing and approving the following proposals from the Board of Directors:
The Council is also responsible for approving the appointment of the three independent directors on our Board of Directors.
The Council reports on its activities at the Annual Meeting, and it also outlines its view of the company’s direction, performance and operations.
Electing council members
The Shareholder Council is made up of representatives from 21 wards. They serve for four years.
Councillors are elected by qualifying shareholders in their ward. To qualify, you must hold LIC co-operative control shares.
Elections are held on a rotational basis in April/May each year. If an election is being held in your ward we'll send you a list of candidates and voting instructions by post several weeks beforehand.
You get one vote for each LIC participant code you have.
Get in touch with your councillor
Contact your local councillor if you have any concerns or questions — they’re there to help.