✨ Dairy Board Director Rules
NEW ZEALAND GAZETTE
No. 145
Authorisation of Appointment and Election of Directors
1.8 Pursuant to Section 3C of the Act and in accordance with the approval of more than 75% of the dairy industry and the written consent of the Minister of Agriculture as required by subsection (3) of Section 3C, the Secretary has given notice in the Gazette of 3 October 1997, No.145, page 3345 (being the second notice issued under subsection (1) of Section 3C) that the Dairy Board has:
(a) authorised the Co-operative Companies referred to in Clause 3.1 to appoint Directors as specified therein;
(b) authorised the group of Co-operative Companies referred to in Clause 4.1 to elect Directors as set out in that clause;
(c) specified the terms for which each of the Directors appointed or elected in accordance with (a) and (b) is to serve after publication of the notice (see Clause 14).
Term of Office
1.9 Section 4 of the Act provides, in general, that a Director shall hold office for a four-year term, such term expiring on 30 June in the fourth year following his appointment or election. The term of office for a Director who is over 64 years of age either before or after his/her appointment or election will be less than four years and after 68 will be on an annual basis. A Director will continue in office until a successor comes into office except that where a new notice has been gazetted reconstituting electing groups or appointing companies, or where a company ceases to be a member of an electing group, the Directors involved shall go out of office on the earlier of six months after the date of the notice or on the date of the appointment or election of a successor.
Review of Rules
1.10 The rights of appointment and election of Directors set out in these Rules have been made on the basis that a Co-operative Company has a right to appoint a Director or a group of Co-operative Companies have a right to elect a Director for approximately every 9% of total milksolids held by them. The dairy industry expects these Rules to be reviewed in 2001 and every five years thereafter. In addition, the industry expects these rules to be reviewed if requested by any co-operative company or group of co-operative companies holding 10% or more of total milksolids.
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VUW Te Waharoa —
NZ Gazette 1997, No 145
NZLII —
NZ Gazette 1997, No 145
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Rules for the Appointment/Election of Directors of the New Zealand Dairy Board
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🏭 Trade, Customs & IndustryDairy Board, Directors, Appointment Rules, Election Rules, Legislative Framework