Opinion

Make election null and void

by
November 02, 2017

Sir,

As a scrutineer at the recent Murray Irrigation Ltd director elections I would like to expand on the coverage of this issue in the Pastoral Times on Friday October 27.

Firstly, as a MIL shareholder and local food producer I am extremely concerned not only about the entire election process, but also other issues.

In my view it was inappropriate for a minority of three directors to publicly support two incumbents in this election, but not a third.

I don’t want a MIL Board that is not prepared to accept and answer legitimate questions, whether these are from a fellow director or shareholders.

In relation to the election scrutineering, one wonders what the composition of the incoming MIL Board would be if myself and Shane Ringin were not present when votes were counted. Would the discrepancies have been identified and rectified?

I still hold the view that the vote should be declared null and void and a new election held, and that this fresh election should be for the entire MIL Board, not just those who were involved in the recent election.

This would clear the air and give the company an opportunity for a fresh start after what has been a tumultuous year.

Remember, this is not the first major issue within the Board room in 2017 during which, among other concerns about various aspects of the company, we’ve had a chairman replaced and a highly qualified and respected independent director (Dr Sharman Stone) suddenly resign.

We have also had what the Board refers to as an ‘independent report’ which was available to the company the week before last and has been used as the basis in attempts to remove another director.

The report was also used to justify the decision not to endorse Director James Sides during the recent election.

However, if it wasn’t finalised until the week before last, as we have been told by the MIL Chairman, why was it used as the basis for not endorsing Director James Sides via a letter from Deputy Chairman Ben Barlow dated October 10?

This letter was obviously sent before the report had even been finalised.

Serious questions must also be asked about the briefing or terms of reference around this report and why it has not been made available to all company shareholders.

Who was interviewed for the report? How were the responses recorded and compiled? How did the report’s authors come up with their recommendations, and what were these recommendations?

In the interests of transparency I publicly call on Murray Irrigation Ltd to release the full report, especially as it is the basis for the Board’s efforts to remove another director at next month’s proposed EGM.

The MIL Board of Directors has recently acknowledged its issues with ‘dysfunction’. I believe shareholders want full disclosure of the report around these claims so they can make their own judgments.

Yours etc

Russell Tait

Deniliquin

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