INDEPENDENT NEWS

Shareholders’ Council Nominations Needed By Wed

Published: Mon 9 Jul 2001 12:55 AM
Sunday 8 July 2001
Dairy farmers have been reminded that Wednesday is the deadline for nominations for the Global Dairy Company Shareholders’ Council.
Global Dairy Company Chairman John Roadley says nominations began to “trickle in” after shareholders received an information pack early last week and the company is geared up for larger numbers over the next three days. He urged as many shareholders as possible to give serious thought to standing for the council to ensure it is as representative as possible.
“The Shareholders’ Council will be an independent watchdog over the company’s performance,” Mr Roadley says. “It will have an important role in working with the board to develop the company’s co-operative principles. It will approve the company’s mission statement and values. It will review the board’s annual statement of intentions and actual performance against it. And it will represent the views of shareholders to the board on an ongoing basis.”
Mr Roadley says the council will have important decisions to make as soon as it is elected. “The first job will be to appoint a Valuer to determine the Fair Value Range of shares in the co-op. The council must also appoint the Milk Commissioner, in consultation with a Minister, to consider complaints from suppliers that can’t be resolved between the parties.”
Mr Roadley says the council will also play an important role in ensuring there is a pool of shareholders with the skills and experience to be the Global Dairy Company directors of the future.
Nominations for the council are needed by noon on Wednesday and can be faxed to 09 3780971. Voting papers will be posted on 19 July and the deadline for postal votes to be received by Global Dairy Company is noon on 3 August. Results will be announced on 6 August.
All nominees will receive preliminary training on 26 July at a venue to be confirmed and successful candidates will receive further training in August.
END

Next in Business, Science, and Tech

No New Coal Boilers for Fonterra
By: Fonterra
Soil turned on controversial Waimea Dam
By: RNZ
Drones will help economy take off
By: New Zealand Government
Fuel and rent drive inflation
By: Statistics New Zealand
Fonterra to go coal-free 11 years ahead of schedule
By: BusinessDesk
Government welcomes Fonterra’s speedy moves away from coal
By: New Zealand Government
Coal group welcomes Fonterra's coal exit
By: Coal Action Network
Coal Action protest finishes
By: Coal Action Network
Fonterra decision stimulus for increased biomass fuel supply
By: Bioenergy Association
Fonterra’s announcement a win for the climate movement
By: 350 Aotearoa
Methane target could be catastrophic - Shareholders' Council
By: BusinessDesk
Drone integration a flight closer
By: Airways New Zealand
New recommendations on flying drones over marine animals
By: AUT University
Pizza-by-drone a reality with world-first NZ delivery
By: Domino's Pizza
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media