Silver Fern Farms Co-operative is seeking applications for a newly established board-appointed farmer director.
A review of its constitution earlier this year — following the joint venture with Shanghai Maling — covered governance development, appointed supplier directors and limits on the tenure of directors, as well as farmer-elected director eligibility and voting eligibility.
In a statement yesterday, chairman Rob Hewett said the new role opened up a directorship opportunity on the co-operative board that would assist in ensuring "constructive rejuvenation" of its governors.
It would ensure the co-operative had a sound succession plan in place to ensure active farmer-elected directors were well equipped and gained governance experience.
To be eligible, candidates must be a current shareholder of the co-operative and have supplied a minimum of 400 stock units to Silver Fern Farms for each of the two years ended December 31, 2017 and December 31, 2018. Eligibility also included those with a legal or beneficial interest in a shareholder supplier.
