LIC | Shareholder elections


Shareholder elections

LIC is now calling for nominations for 2017 Elections.

DIRECTORS (4 year term 1 June 2017 to 31 May 2021)

Region 4 – Southern Region

  • KING, Murray – Re standing
  • REID, Alvin – Retiring


SHAREHOLDER COUNCIL (4 year term 1 June 2017 to 31 May 2021)

WARD 1 to WARD 3

  • Ward 1 – Far North/Whangarei – SIMPSON, Rosalind – Retiring
  • Ward 2 – Dargaville/Warkworth – MEYER, Mark – Re standing
  • Ward 3 – South Auckland – BARCLAY, Dennis – Re standing


HONORARIA COMMITTEE (2 year term 1 June 2017 – 31 May 2019)

  • MOSS, George – Retiring
  • TODD, Paul – Re standing

 

Candidate Information Handbooks are available here.  

For nomination forms or any additional information please contact the Returning Officer:

Melanie Tonkin
(e) mtonkin@lic.co.nz
(p) 07 856 0679

 

The letter below was sent to shareholder on 15 March 2017


Dear Shareholder(s)

LIC Elections 2017:  LIC Board, Shareholder Council & Shareholder Honoraria Committee Representatives

This letter contains information about the nomination process for three important roles - Directors (Governance role), Shareholder Councillors (Representative role) and the Shareholder Honoraria Committee. 

The Returning Officer calls for nominations for ALL positions as outlined below.      ALL nominations close at 4 pm Friday 7th April 2017.  Nomination forms and Candidate Handbooks are available on request from the Returning Officer, Livestock Improvement Corporation, Private Bag 3016 Hamilton 3240. Phone: 07 856 0679; Email: mtonkin@lic.co.nz or phone the LIC Share Registry 0800 542 742 for assistance.

  1. LIC Board Directors are elected on a regional basis for a four-year term by qualifying shareholders, based on one vote for each co-operative control share held.  Co-operative shareholders in the Southern Region have the opportunity to vote for their Director Representatives in 2017.

The current Directors in the Southern Region, Mr Murray King and Mr Alvin Reid, are required to retire by rotation on the 31 May 2017. After serving 19 years on the LIC Board, Mr Alvin Reid has chosen not to seek re-election.  Mr Murray King, being eligible, offers himself for re-election.

Qualifying co-operative shareholders within the Southern Region are invited to submit a nomination for a position on the LIC Board. If two or more nominations are received, a ballot will be conducted with all co-operative shareholders within the Southern Region.  

  1. LIC Shareholder Councillors are elected for a four-year term by one vote per qualifying co-operative shareholder within their respective wards.  The current Councillors representing the three wards within the Northern Region are required to retire by rotation on 31 May 2017: Ward 1: Far North/Whangarei (Mrs Rosalind Simpson); Ward 2: Dargaville/Warkworth (Mr Mark Meyer) and Ward 3: South Auckland (Mr Dennis Barclay).

Mrs Rosalind Simpson (Ward 1) has chosen not to seek re-election. Messrs Mark Meyer (Ward 2) and Dennis Barclay (Ward 3), being eligible, offer themselves for re-election.

Qualifying co-operative shareholders within the above respective wards are invited to submit a nomination for the position of their Shareholder Council Representative.  If more than one nomination is received per ward, a ballot will be conducted with all co-operative shareholders within that ward.  

  1. LIC Shareholder Honoraria Committee Members are elected on a 2-year rotational basis by all qualifying co-operative shareholders.  Mr Paul Todd and Mr George Moss are required to retire by rotation on 31 May 2017. After serving 9 years on the Honoraria Committee Mr George Moss has chosen not to seek re-election. Mr Paul Todd being eligible, offers himself for re-election. 

All qualifying co-operative shareholders are invited to submit a nomination for a position on the LIC Honoraria Committee.  If more than three nominations are received an election by ballot will be conducted. 

LIC Board Director and LIC Shareholder Council:
Qualification criteria for elected Board Directors and Shareholder Councillors are outlined in the LIC Constitution.   Each shall be a Co-operative Control Shareholder; a dairy farmer; 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. 

Role of LIC Board Director:
Board Directors have a governance role within the Company.  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 Co-operative Control Shareholders or by any other person. 

Role of LIC Shareholder Councillor:
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. 

Livestock Improvement Honoraria Committee:
LIC’s Constitution requires four elected members on the Shareholder Honoraria Committee to annually consider and recommend the remuneration for Directors and Shareholder Councillors.  Co-operative Control  Shareholders consider and vote on the Committee’s recommendations at the Company’s Annual Meeting, either in person, by electronic voting, by proxy, or by postal vote. 

  1. A member of the Honoraria Committee must be a Co-operative Control Shareholder but shall not be a Director, Shareholder Councillor or permanent employee of Livestock Improvement.
  2. Each member of the Honoraria Committee shall hold office for a two-year period.

The Honoraria Committee currently consists of Mr D J (David) Gasquoine, Matamata; Mr G W (George) Moss, Tokoroa; Mr B P (Paul) Todd, Marlborough and Mr S M (Scott) Montgomerie, Auckland.

Each candidate must be nominated and seconded in writing by Co-operative Control Shareholders in the Region or Wards where nominations are called. Nomination papers must be signed by the nominator, seconder and by the candidate.   ALL nominations close at 4 pm Friday 7th April 2017.

Yours faithfully

 
MJ Tonkin
Returning Officer


 

 

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