New Zealand’s leading rural insurer FMG welcomes Sarah von Dadelszen, Sinead Horgan and Sarah Smith to its Board of Directors.
Sarah von Dadelszen was elected by Members, with Tony Cleland and Murray Taggart being re-elected. Under FMG’s constitution, one-third of sitting members are required to retire by rotation each year. This year it was the turn of Tony and Murray, who both sought re-election to the Board.
In addition, Sinead Horgan and Sarah Smith’s appointments as Special Directors were ratified at FMG’s 115th AGM, held on Friday, 21 August.
Special Director Danny Chan’s term with the Board expired at Friday’s AGM.
“I’d like to acknowledge Danny’s insightful contribution. Having Danny’s wealth of business knowledge and experience was invaluable in supporting FMG’s growth as a business over the last six years, and we wish him well” says FMG Board Chair Tony Cleland.
“The value of any Board is dependent on having a healthy mix of diverse skills, experience and perspectives and with that I’d like to formally welcome Sinead, Sarah and Sarah. They join the FMG Board at an exciting time as we look to capitalise on a sustained period of growth, building on the Mutual’s 52% market share of farmers and growers who have chosen to trust FMG with their insurances.
“I’d also like to take this opportunity to thank every Member candidate who sought election this year, along with Members who voted and those who joined our first ever online AGM” says Mr Cleland.
Notes to the editor
Under FMG’s Constitution the Board has the ability to appoint Special Directors where they have skills, qualifications or experience that the Board considers would complement the overall Board.
Member elections have been counted and verified on a sample basis by Ernst & Young as FMG’s external auditor as being accurate.
FMG AGM 2020 Resolutions
Resolution | Description | Resolution Result |
|---|---|---|
1 | Adopt the 115th Annual Report and Financial Statements | Passed |
2 | Appointment of Ernst & Young as Auditor | Passed |
3 | Confirming Chair Remuneration ($100,000) | Passed |
4 | Confirming Director Remuneration ($50,000) | Passed |
5 | Chair of the Audit & Risk Management Committee additional remuneration ($7,500) | Passed |
6 | Chair of People & Governance Committee additional remuneration ($7,500) | Passed |
7 | Ratification of Sinead Horgan - Special Director | Passed |
8 | Ratification of Sarah Smith - Special Director | Passed |
ENDS
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