Shareholder Update - 12 April 2024

Call for director nominations

Murray Irrigation is calling for nominations to fill at least two director vacancies on the company’s Board of Directors.

This follows the resignations of Member Directors Steven Fawns, Brendan Barry and Troy Mauger earlier this week.

The directors voluntarily resigned as a result of the company’s 10 April 2024 general meeting which saw resolutions to remove Non-Member Directors Trisha Gorman and Robert Burbury fail to pass.

The remaining directors (Chair Phillip Snowden, Deputy Chair Lachlan Marshall, Mrs Gorman and Mr Burbury) convened a formal Board meeting on 11 April 2024 and resolved to call for nominations to appoint at least two new directors.

An independent selection committee will be established to consider eligible nominations and recommend preferred candidates to the Board for approval.

Those appointments will then be ratified by shareholders at the company’s 2024 Annual General Meeting in November.

Mr Snowden said the company is seeking candidates who are the right fit for the organisation.

“All nominations will be independently assessed for the skills and experience they can bring to the Board.

“It is our hope that a number of women and the younger generation of irrigators put their hands up for the roles, as the diversity this will bring to the current skill set of the Board will bring great value to the future of MIL.

“We don’t want to rush the process and we want to ensure we find people who are the right fit for the Board.”

Murray Irrigation’s constitution requires a minimum of six directors on the Board. Therefore, the new Board’s first order of business was to approve a process to recruit at least two directors to achieve that minimum quota.
 
Eligibility requirements

Nominations are welcome for both Member Director and Non-Member Director roles.

Member Directors must be either shareholders of Murray Irrigation or an authorised representative of a company which is a shareholder of Murray Irrigation.

Non-Member Directors must not be shareholders.

Nominations will remain open for two weeks (exact date to be confirmed).

The company is targeting to have a new Board in place by 8 May 2024.
 
Nominations

Nominations should be issued to the Company Secretary:
 
In person:     
Murray Irrigation
443 Charlotte Street
Deniliquin NSW 2710
 
Mail:
Murray Irrigation Limited Returning Officer
C/- Mr Nathan Holahan
Company Secretary
Murray Irrigation Limited
PO Box 528
Deniliquin NSW 2710
 
Email:  companysecretary@murrayirrigation.com.au
 
More information, including details for a comprehensive candidate information session, will be released next week. For more information, contact the Company Secretary via 1300 138 265.