HOW TO USE THIS ONLINE MAGAZINE
by clicking the arrows at the side of the page.
by clicking anywhere on the page. A slider will appear, allowing you to adjust your zoom level.
and move the page around when zoomed in by dragging the page.
and return to the original size by clicking on the page again.
by entering text in the search field and click on "In This Issue" or "All Issues" to search the current issue or the archive of back issues
a PDF of this magazine.
by clicking on thumbnails to select pages, and then press the print button.
a page via email, Facebook, Twitter and more.
TO VIEW PREVIOUS EDITIONS
, click the
button at the bottom of the screen.
Beyond the Bale : December 2011
3 December 2011 BEYOND THE BALE UPFRONT AWI Annual General Meeting AWI Chairman Wal Merriman told the AWI Annual General Meeting (AGM) in November how the 2010/11 financial year, while unsettled in global economic terms, had generally been positive for the company, as it had been for the woolgrower shareholders it serves. "It has been a very busy year at AWI and the first to be covered by the current three-year Strategic Plan woolgrowers endorsed at WoolPoll in 2009," Mr Merriman said. "As we continue to work to achieve the best outcome for woolgrowers it is pleasing to see the national flock slowly beginning to rebuild, seasons permitting." CEO Stuart McCullough explained how the human and financial resources of AWI were reallocated to increase demand for the natural fibre and improve the profitability of growing wool as per the Strategic Plan of the company. "I am proud to say we have met and in many cases exceeded the tasks set for the company and in most instances this has been delivered under budget and on time," Stuart said. At the AGM, and in accordance with the Corporations Act 2001, shareholders voted to limit the board to seven Directors. In the subsequent election of Directors, Colette Garnsey was elected and Brian van Rooyen and David Webster re-elected to the Board. The complete Board is now comprised of these candidates along with Wal Merriman, Roger Fletcher, Meredith Sheil and George Falkiner. The new Board met immediately following the AGM and re-elected Wal Merriman as Chairman and Roger Fletcher as Deputy Chairman. A resolution to change the AWI Constitution to allow the Board Nomination Committee more time to complete its function in future elections was also approved at the AGM. Over 1000 people joined the AWI AGM live via webcast. This was the first time that an AWI AGM has been webcast. It is an initiative by AWI to enable those AWI shareholders that are unable to attend the AGM in person to view the AGM proceedings. More information: The complete broadcast of proceedings (including the Chairman's and CEO's presentations, question time and voting results) is available to be viewed on demand (until November 2012) at the AWI website www.wool.com/agm FAST FACTS l AWI reported at its AGM on a year of gains across wool research, development and marketing. l Colette Garnsey, Brian van Rooyen and David Webster were elected to the Board of AWI. l A video and slides of the AGM proceedings can be viewed on the AWI website. COLETTE GARNSEY I am honoured to have been elected to the Board of AWI along with Brian and David. I will bring to bear the consumer insights I have gained through my many years in retail, manufacturing and marketing together with the benefit of having worked with some of the best known brands in both Australia and globally to assist AWI in its endeavours. The priorities for AWI will be to consider how it can best support wool products in global markets, investigation into production in alternative countries and ensuring that farm research and development is commercial and of real practical benefit to wool growers as they continue to develop product for a market that has a changing consumer. NEWLY ELECTED DIRECTORS BRIAN VAN ROOYEN Obviously I am delighted that shareholders have supported my re-election again. I look forward to continue working with the Board and Management to further develop the programs under way at AWI, in particular the marketing programs that have made such good progress these past few years. Clearly, the operating environment internationally will be challenging in the short term, but I am confident in management's ability to operate within the strategic direction agreed, and to deliver good outcomes for woolgrowers. DAVID WEBSTER I am very pleased to have been re-elected to the Board so that I can continue to assist woolgrowers receive healthy returns for the quality product that they produce. I intend to help enhance their profitability through prudent management of growers' levy funds. In particular, I want the company to build on the very successful marketing programs developed in recent years. I am very dedicated to maintaining a professionally run company with the highest level of credibility and integrity for woolgrowers and the industry through to the end consumer.