MG Director Nominations
Election of Directors 2024
In accordance with the Company’s Constitution Joanna Lim and Lynn Crozier retire as Directors by rotation at the 2024 Annual Meeting and, being eligible, are seeking re-election.
Click the link below to download the annual rotation notice to shareholders and the current Board capability framework (this applies to the Board as a whole).
MG Charitable Trust nominations
Election of Trustees 2024
In accordance with the Trust Deed, at each annual Trust meeting (held in November each year), one third of the current trustees retire automatically by rotation. This year, the retiring Trustee is Robin Oakley. As this is a Market Gardeners Ltd Board appointment, no election is required this year (2024).
Click the link below to download the annual rotation notice to shareholders and the eligibility criteria.
Board Policies
Constitutional and Shareholding Matters
Determined by Board Policy as set from time to time.
Board Policies
Treasury Stock
This document sets out the Board’s policy on Treasury Stock.
Constitution
Director Elections
Director Elections (for Directors to be by appointed by the Shareholders) are completed each year in accordance with the Company’s Constitution.
Each year, a certain number of Directors appointed by the Shareholders are subject to rotation and re-election at the annual meeting of shareholders (AGM) (clauses 23.29 – 23.31). Nominations are sought each year for these seats on the Board of Directors, with the closing date and time for nominations being 5 pm on the 30th of June before the annual meeting. Notice of the closing date is generally sent out to Shareholders annually at the beginning of June.
Prospective nominees who are interested in standing for election should refer to the Company’s Constitution for further information (clause 23).
Benefits of Being a Shareholder
Benefits of Being a Shareholder
A grower who becomes a shareholder in MG is entitled to:
Participate in any dividends and/or rebates on shares declared by the Board. Dividends and rebates are declared out of, and are dependent upon, the Company’s profits.
Receive additional shares issued by capitalising any dividends or rebates payable on any class of shares. Whether dividends or rebates are capitalised (converted into further shares) is at the Board’s discretion.
Have a say in the direction and operations of the Company by attending Shareholder meetings.
Accumulate a useful “retirement fund” through an increased shareholding.
Board Charter & Code of Conduct
Core Purpose of the Company
MG’s core purpose is to grow the overall wealth and profitability of the cooperative, its shareholders and growers through relevant initiatives whilst maintaining cooperative principles – Together. Stronger.
Corporate Representative Form
Appointment of Corporate Representative Form to attend AGM
Shareholders who are bodies corporate / companies who wish to attend and be represented at the annual meeting of shareholders (AGM) must complete an Appointment of Corporate Representative form in the form attached (please download below).