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.
