Purpose of annual general meeting
60 Purpose of annual general meeting
The purpose of an R&D Corporation’s annual general meeting is to provide an opportunity for those included in the list prepared by the Corporation under section 57:
to consider the most recent annual report of the Corporation; and
to receive an address by the Chairperson of the Corporation concerning:
the Corporation’s performance in the financial year to which the annual report relates; and
the outlook for each designated primary industry sector in relation to the Corporation and the Corporation’s intended activities in the following financial year; and
to question the directors about any aspect of the Corporation’s activities during the financial year to which the annual report relates and any aspect of the Corporation’s intended activities; and
to debate, and vote upon:
any motion relating to a matter within the Corporation’s responsibilities other than a matter relating to the amount of any of the levies or charges covered by paragraph 56(a); or
any motion moved on behalf of the Corporation to endorse a recommendation that the Corporation proposes to make to the Minister in relation to the amount of any of the levies or charges covered by paragraph 56(a); or
any motion of no confidence in the Chairperson or in the Corporation.
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