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AWI seeks nominations for three director positions

by Sheep Central, 09 August 2017

AUSTRALIAN Wool Innovation has called for nominations for three director positions available to be filled this year.

The constitution of the wool industry’s research, development and marketing body stipulates that at least a third of the board, currently made up of seven members, must retire their positions every two years, but retiring directors can seek renominate at that time.

Under this process, Sheep Central has been told by AWI that three of the following directors will retire their position this year: Collette Garnsey, Meredith Sheil, Paul Cocking and James Morgan. But it is not known yet which three of these directors will retire and who will renominate. This will be decided at board level at upcoming meetings.

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Under AWI’s constitution, the directors to retire are the directors or director longest in office since last being elected. As between directors who were elected on the same day the directors to retire are (in default of agreement between them) to be determined by ballot. The length of time a director has been in office is calculated from the director’s last election or appointment. A retiring director is eligible for re-election.

AWI advertised nationally at the weekend for nominations for the three available board positions, to be decided at the company’s 2017 annual general meeting in Sydney on November 17.

The AWI board will only accept nominations from candidates nominated by 100 or more AWI shareholders who are eligible to vote at the 2017 AGM. The person nominated must also consent in writing to their nomination by completing and signing an AWI nomination form and a consent to nomination form, with all required information and documentation listed.

The written and signed nomination, must be received, with supporting forms, information and documentation, between September 1 and September 18 2017, by the company secretary, Australian Wool Innovation Ltd, Level 6, 68 Harrington Street, Sydney, NSW, 2000.

Source: AWI.

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