Dairygold rule book vote needs large majority
Calls for a new rule book emerged at the time of last year's AGM, when shareholders passed a vote of no confidence in directors, and it was found there was no provision for dealing with this in the existing rule book.
A Rules Consultative Committee (RCC) was formed to consult with ICOS and with shareholders. Three members were elected to the RCC from each of Dairygold's six regions two by each regional committee and one by shareholders.
The RCC wrote twice to shareholders seeking submissions, of which more than 100, both verbal and written, were received.
In developing the new rules proposals, the RCC worked with a rules secretariat consisting of the co-op's chairman, vice chairman and secretary, John Walsh, Con Hallahan and Eamonn Looney; Seamus O'Donoghue, secretary, ICOS; Daire Hogan, solicitor; and Maurice Horan, business consultant.
Proposals were produced and were discussed by the 209 members of Dairygold's Regional Committees in February. To obtain the views of the co-op's 7,659 living shareholders, a series of area meetings were held between February 23 and March 2.
Since then, views expressed by shareholders are being considered in the final review of the rules proposals by the RCC and the 10 member main board of management.
Their final draft will be sent to all shareholders; and the next step will be the SGM vote in April.
