Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Shareholders’ Council Nominations Needed By Wed


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

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Electricity Market: Power Panel Favours Scrapping Low-Fixed Charges

An independent panel reviewing electricity prices favours scrapping the government’s low-user fixed charge regime, banning the use of prompt-payment discounts, and requiring greater disclosure of the profit split between the retail and generation arms of the major power companies. More>>

ALSO:

Bottomless Oil And Zero Climate Cost: Greenpeace Not Big On PEPANZ Gas Ban Report

The NZIER report commissioned by oil industry body, PEPANZ, claims the oil and gas ban issued by the Government last April could cost the the New Zealand economy $28 billion by 2050... But Greenpeace says the figures in the report are based on false assumptions and alternative facts. More>>

ALSO:

Two Queensland Fruit Flies And A Different One In Otara: Devonport Fruit And Veg Lockdown

Work continues at pace on the biosecurity response following the discovery last week of one male Queensland fruit fly in a surveillance trap in the Auckland suburb of Devonport. More>>

ALSO:

Digital Services Tax: Government To Plan Tax On Web Operator Income

New Zealand is to consult on the design of changes to tax rules which currently allow multinational companies in the digital services field to do business here without paying income tax. More>>

ALSO: