Beef + Lamb New Zealand resolutions pass

Bulls hero image 4 April 2017

Farmers have supported the three resolutions made at the Beef + Lamb New Zealand Annual Meeting on 30 March 2017.

They related to changes to the Beef + Lamb New Zealand Constitution, changing the directors’ fees pool and appointing an auditor.

The official results from Electionz.com who conducted the vote on behalf of Beef + Lamb New Zealand are:

RESOLUTION 1 - FARMERS’ SPECIAL RESOLUTION (weighted vote)

(i) That the amendments to Beef + Lamb New Zealand Ltd’s constitution (the Constitution), being those amendments summarised in this Notice of Annual General Meeting of Farmers (Amendments), be approved; and (ii) that Meat and Wool Trust Limited (as the sole shareholder of Beef +Lamb New Zealand Ltd) be directed to alter the Constitution of Beef +Lamb New Zealand Ltd to incorporate the Amendments.


For Abstain Against Blank
Votes by farmer 35,069 907 1,263 328
Votes as a % of weighted votes cast 93.35% 2.41%  3.36% 0.87%

Resolution 2 - FARMERS’ ORDINARY RESOLUTION (one person, one vote)

That the increase proposed to the total aggregate amount payable by way of directors’ fees from $320,250 per annum to $331,400 per annum (being an increase of $11,150 per annum), to give effect to the recommendations of the Independent Board Remuneration Committee, be approved.

  For Abstain Against Blank
Votes by Farmer 1,060 74 653 12
Votes as a % of Famers who voted  58.92% 4.11% 36.30% 0.67%

Resolution 3 - FARMERS’ ORDINARY RESOLUTION (one person, one vote)

That KPMG be appointed as Beef + Lamb New Zealand Ltd’s auditor for the year ending 30 September 2017.

  For Abstain Against Blank
Votes by Farmer 1,715 30 37 17
Votes as a % of Famers who voted 95.33%  1.67%  2.06% 0.94% 

The voting percentage, excluding proxy votes is 11.06%, being 1,799 votes received from 16,261 farmers, of which 53.79% voted by post and 46.21% voted online.

For more information please contact Warwick Lampp, Returning Officer – Beef + Lamb New Zealand Ltd, phone 0800 666 030. 

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