Govcom Reports 2016-02-11

Recommendation

Govcom recommends putting to the AGM a resolution to amend Articles 16.1 and 16.3 as follows. The new periods should take effect for trustees who are elected on or after the 2016 AGM. Existing trustee terms will not be affected.

Retirement of elected Directors

16.1 Elected Directors shall retire from office at the second third Annual General Meeting since their last appointment, unless by the close of the meeting there are insufficient Directors to hold a quorate meeting of the Directors.

16.3 If more than three four Elected Directors are appointed at an Annual General Meeting, the number appointed in excess of three four shall be required to retire at the next second Annual General Meeting from their appointment.

Discussion

The committee would like the board to discuss the following possible change to Article 16.2, but without making any recommendation either way:

Retirement of co-opted Directors

16.2 Co-opted Directors shall retire from office after two three years from the date of their appointment and become eligible for reappointment, in accordance with Article 17.2, if the Trustees see fit.

Note

• This page has been updated for the March 2016 board meeting. See the page history for earlier versions.