Naylor: Further constitutional changes possible
By
Larry Schlesinger
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20/11/2009 9:26:00 AM
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MFAA CEO Phil Naylor says further changes to the MFAA constitution may be proposed once all the findings of the strategic review have been considered.
Speaking to Broker news, he said next week's special resolution vote to limit the number of board members from one consolidated group to no more than two, was one recommendation to emerge from the review.
The MFAA conducts a strategic review every two years, but this year, due to the massive economic changes as well as those within the industry, external consultants were charged with conducting an independent review looking at every aspect of the industry body's operations, representation, structure and governance.
The review commenced in July and the consultants' report was handed to the MFAA in September.
Speaking about the special resolution (reported on Broker news yesterday), which will be put to members at Thursday's AGM in Sydney, Naylor said the issue was all about clarifying what the board membership requirement should be in the likelihood that groups could combine.
He said an alternate view, also discussed, was that once a group becomes part of conglomerate, they only have one member on the board.
"We discussed this over a period a few weeks ago...the proposal is that any consolidated group have a maximum of two members on the board."
Related stories:
MFAA looking to change constitution - The MFAA will ask members to vote on a special resolution at next week's AGM aimed at ensuring a "fair balance of representation on the Board"
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