Westland Milk shareholders approve plans to shrink board, nurture new directors

Thu, 05 Oct 2017

By Jonathan Underhill Oct. 5 (BusinessDesk) - Westland Milk Products shareholders have voted in favour of a proposal to shrink the dairy cooperative's board and overhaul the selection process for new directors. Shareholders voted 93.5 percent in favour of the changes at a special meeting in Hokitika today. As a result, the board will shrink to eight from 11 and those elected by shareholders will reduce to five from eight. Tne remaining three will be independent directors chosen for their competence and suitability via a transparent proces...

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