In August, FMG will hold its 118th AGM. FMG’s Constitution and Director Member Election & Special Director Appointment Policy (the Policy) require that a third of all Member Directors retire by rotation at each year’s AGM. This year Tony Cleland and Murray Taggart are due to retire by rotation. While Murray will be seeking re-election, Tony will be stepping down from the Board after 16 years of service to the Mutual. Consequently, there are two Director positions, with one being contested by a current Director.
The Policy sets out the criteria for the evaluation of Member Director candidates, including current Directors. The Board has not set any Specific criteria per the Policy. Any Member nominations must be made in accordance with the procedure set out in the FMG Constitution and are subject to the process outlined in the Policy, which are available on the FMG website (Governance and compliance (fmg.co.nz) or can be obtained by calling FMG’s General Counsel Lisa Murray on 021 684 824 or emailing her at lisa.murray@fmg. co.nz. Nominations are open until 26 April 2023.
At the 2023 AGM, we’ll provide an update on how the Mutual is tracking and will be tabling proposed changes to the FMG Constitution. All Members are invited to attend and vote at the AGM on Friday, 25 August 2023. Members can attend either through a virtual platform or in person; this will be held at the Harvest Hotel, Cromwell, Central Otago (6 Barry Avenue, Cromwell). Alternatively, Members can vote through the proxy form that will be sent with the Notice of Meeting which includes an online voting option.