INDEPENDENT NEWS

Shareholders’ Council Votes Needed By Friday

Published: Mon 30 Jul 2001 10:44 AM
Sunday 29 July 2001
Dairy farmers have been reminded that midday Friday 3 August is the deadline for votes to be received in the Global Dairy Company Shareholders’ Council election.
Global Dairy Company Chairman John Roadley said today that the company has received just over 3,600 votes, from a potential total of almost 20,000.
“We’re geared up to receive votes by post or fax up until noon on Friday. The count will start then,” Mr Roadley said. He urged as many shareholders as possible to take the opportunity to vote.
“The council has a vital role as the shareholders’ watchdog of the company’s performance,” Mr Roadley says. “Among its most important functions, it will work with the board to develop the company’s co-operative principles and approve its mission statement and values. And it will represent the views of shareholders to the board on an ongoing basis.”
Mr Roadley expects to announce the results of the election on Monday 6 August. The first council will consist of 46 councillors representing 25 geographical wards. There are contested elections in 18 wards. The remaining wards have candidates to fill their seats on the council. The elections will be scrutinised by KPMG.
Votes can be posted in the reply-paid envelopes that were sent with voting papers, or faxed to 0800 432 227.
END

Next in Business, Science, and Tech

Auckland Rental Prices Inch Up Again, But Upward Trend Could Ease In Coming Months
By: Barfoot and Thompson
Draft Report Says Regulatory System Favours Established Building Products
By: Commerce Commission
Annual Wage Inflation Rises To 3.4 Percent
By: Statistics New Zealand
APEC Region’s Growth To Slow Amid Uncertainties And Crises
By: APEC
FMA Survey Sheds Light On New Zealanders’ Experiences With Financial Sector And Concepts Of Fair Treatment
By: Financial Markets Authority
ASB’s Latest Trade Disruption Report: Low Export Demand And High Import Prices Look Set To Continue
By: ASB Bank
Unemployment Rate At 3.3 Percent
By: Statistics New Zealand
View as: DESKTOP | MOBILE © Scoop Media