New Zealand Gazette – 1997 – No. 145

Page 3347

✨ Dairy Board Rules



3 OCTOBER NEW ZEALAND GAZETTE

RULES FOR APPOINTMENT AND ELECTION OF DIRECTORS OF THE NEW ZEALAND DAIRY BOARD

(incorporating the manner of election)

1. BACKGROUND

Legislative Framework

1.1 Section 3AA of the Dairy Board Act 1961 (“the Act”) provides that the New Zealand Dairy Board (“the Board”) will comprise 13 Directors. Two Directors will be appointed by the Minister of Agriculture on the Board’s recommendation (being people who, in the Board’s opinion are qualified by commercial experience to be Directors). The balance will be either:

(a) appointed by a Co-operative Company; or

(b) elected by a group of Co-operative Companies.

1.2 A “Co-operative Company” is a co-operative dairy company registered under Part III of the Co-operative Companies Act 1996.

1.3 Section 3C of the Act provides that the Board may from time to time, by notice in the Gazette, authorise a Co-operative Company to appoint or a group of Co-operative Companies to elect a specified number of Directors.

1.4 Section 3C(4) provides that no Co-operative Company or group of Co-operative Companies may be involved in the tenure of more than five Directors to the Board.

1.5 Section 3G of the Act provides that the Board must approve a manner of election of Directors by groups of Co-operative Companies.

1.6 The determinations of the Board referred to in paragraphs 1.3 and 1.5 are subject to both the approval of the dairy industry and of the Minister of Agriculture.

Approval of Dairy Industry

1.7 The approval of the dairy industry for these purposes is provided for in Section 2C of the Act. In brief this requires the approval, at a meeting of duly authorised representatives of Co-operative Companies or in writing, of Co-operative Companies whose aggregate voting milksolids during the most recent complete season and the two seasons before it was more than 75% of the aggregate quantity of the voting milksolids of all Co-operative Companies for that period.



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✨ LLM interpretation of page content

🏭 Rules for the Appointment/Election of Directors of the New Zealand Dairy Board (continued from previous page)

🏭 Trade, Customs & Industry
Dairy Board, Directors, Appointment Rules, Election Rules, Legislative Framework