Westland Milk shareholders to vote on shrinking board, tightening selection rules

Mon, 18 Sep 2017

By Jonathan Underhill Sept. 18 (BusinessDesk) - Westland Milk Products shareholders are to vote on shrinking the board and improving selection processes after criticism that followed the cooperative's $14.5 million loss last year. Shareholders will vote on Oct. 5 on a series of measures including reducing the board to eight from 11, with a corresponding drop in shareholder-elected directors to five from eight. They will also be asked to approve measures to create a 'pipeline' of future directors and a more transparent process for the boar...

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