| ||Media Release: AWB will continue to listen to the 'grower voice'|| ||
AWB will retain at least two Directors with agricultural experience on the Board following Constitutional change to ensure an ongoing ‘growers voice’ on grain marketing issues AWB Chairman, Brendan Stewart said.
Mr Stewart said AWB would also establish a Growers Advisory Council to ensure that it listens to the concerns and requirements of wheat growers in the new deregulated market and acts quickly to respond to their needs.
Research conducted by IPSOS Consultants confirms that some wheat growers are concerned about the impacts on them of the new deregulated wheat market and will have greater comfort if wheat marketing companies actively listen to their concerns.
“AWB understands the concerns of wheat growers about the uncertainty created by the new deregulated wheat export market and will put in place several initiatives to ensure the grower voice continues to be important,” Mr Stewart said.
“The Board will continue to have at least two Directors with commercial agricultural experience and the proposed Grower Advisory Council comprising leading growers from every State will ensure AWB listens to and acts on grower issues.”
Mr Stewart noted that current and former wheat growers in rural and regional Australia are strongly represented on the AWB share register and that they will therefore continue to have a big voice following the proposed changes to the company Constitution.
“Grower representation on the AWB class share register ensures that they will have the ability to influence company decisions to ensure AWB provides them with the best possible outcomes as growers and shareholders,” he said.
“Growers recognise that AWB will lose market share if it does not look after them by maintaining competitive pricing in the new deregulated wheat export market.”
Mr Stewart encouraged A Class shareholders to cast their vote by faxing their completed voting forms to the AWB share registry manager, Computershare, on 1800 800 053 or by voting on-line at http://www.awb.com.au/ before the cut-off date of 2 pm AEST on Tuesday, 19 August 2008.
Media Inquiries: Peter McBride, 03 9209 2174 or 0417 662 451
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