Annual General Meeting Agenda
1. Confirmation of minutes from the last AGM held on 22nd November 2023.
2. To receive from the Board, Chief Executive Officer and Auditor, reports on the results of operations of Laboratories Credit Union during the financial year ended 30 June 2024.
3. Election of Directors:
Two [2] Directors’ are to be elected in accordance with the Constitution of the Credit Union. Current Directors’ Frank Benito De Valle and Alistair Scott Martin have their terms of office terminating at this meeting. These Directors’ have re-nominated for a further term and are eligible for re-election in accordance with the Constitution, as the Credit Union has received two [2] nominations for two [2] positions, an election is not required. Subject to the Credit Union’s Nomination Committee process, a separate resolution confirming the appointment will be put to the shareholders at the meeting.
4. Remuneration of Directors:
That a resolution be passed by members that in accordance with clause 17 of the Constitution, the total remuneration to be shared by the Board of Directors for the 12-month period following this AGM be $70,540. This is a 4.5% increase on last year which has been calculated as a 4% increase and 0.5% for the increase in the superannuation guarantee levy.
5. General Business.
