‘Co-Operative Calls for First Farmer Appointed Director’
‘CO-OPERATIVE CALLS FOR FIRST FARMER APPOINTED DIRECTOR’
Dunedin Wednesday 28 November 2018: Applications for Silver Fern Farms Co-operative’s first Board Appointed Farmer Directors are open.
Silver Fern Farms Co-operative Chairman Rob Hewett said the new role opens up a directorship opportunity on the Co-operative Board which assists in ensuring constructive rejuvenation of its governors.
“With adoption of our new Constitution, the Co-operative is now seeking applications for the newly established Board Appointed Farmer Director.”
“The appointed Director role will ensure the Co-operative has a sound succession plan in place to ensure active farmer elected directors are well equipped and gain governance experience.”
To be eligible for this role, candidates must be a current shareholder of the Co-operative and have supplied a minimum of 400 stock units to Silver Fern Farms for each of the two years ended 31 December 2017 and 31 December 2018. Eligibility also includes those that have a legal or beneficial interest in a shareholder supplier e.g. a shareholder of a company, partner in a Partnership or a named beneficiary of a Trust.
The successful applicant will be appointed to the Board of the Co-operative for a maximum term of three years, following which if they wish to continue, they will need to make themselves available for election. They can choose to seek election prior to the three year term expiring.
The successful applicant will not be eligible to be appointed to the Board of Directors of Silver Fern Farms Limited until such time they have successfully been elected as a Farmer Elected Director of the Co-operative.