STATEMENT ON THE CATTLE COUNCIL OF AUSTRALIA SPECIAL GENERAL MEETING
NSW Farmers has voted NO to the Special Resolution which has been foreshadowed for decision at the Cattle Council of Australia (CCA) Special General Meeting (SGM) tomorrow.
This means the CCA does not have the unanimous support of the “Founding Member” class under its current Constitution for the proposed constitutional changes. As a consequence, under the Corporations Act 2001, the CCA is not permitted to immediately move forward with the proposed election process for possible new directors in line with the advertised timelines.
NSW Farmers, as a Founding Member of CCA has a range of rights, and we will look to uphold these on behalf of our cattle producing members in NSW.
Given the proposed plan on the table at the SGM in now untenable, NSW Farmers has called on the CCA Board to urgently recommence discussions with all relevant parties for the purpose of developing an alternative modernised governance structure which appropriately recognises the contribution and ongoing role of the Founding Members.
NSW Farmers stands ready to join such a discussion.