Report from Angus Australia Board Meeting conducted on 5th March 2021

March 18, 2021 9:13 am

The Angus Australia Board met by video conference on the 5th March 2021. 

Items addressed at the meeting included the following: 

  • Update from CEO on major strategic and operational issues.
  •  Review of quarterly key performance indicators from various departments of Angus Australia.  
  • Review and approval of Financial Statement and Independent Auditor’s Report for the Financial Year ended 31st December 2020. 
  • Review of updated risk management documentation. 
  • Modification of Regulation 17.2 as follows: 

17.2 Unless specific arrangements are made, the absolute credit limit for an individual member or customer will be $100,000 for Australian members and $50,000 for overseas members. 

  • Consideration of proposed strategy for further Angus selection index development, including planned focus group consultation with members to obtain input and feedback on index changes. 
  • Decision to proceed with the implementation of an expanded range of “genomics-only” genetic evaluation services for non-registered Angus cattle via Angus HeiferSELECT and Angus SteerSELECT. 
  • Consideration of meeting minutes and correspondence from State Affiliated Angus Breeder Groups. 

The next Angus Australia Board meeting is scheduled for the 27th – 28th May at Armidale, following the AGM to be conducted at 2:00pm on the 27th May.   Further details about participating in the AGM will be included in the AGM Notice of Meeting to be sent to all members in mid-April. 

Subsequent Board meetings in 2021 are scheduled for 12-13th August (Sydney), and 25-26th November (Armidale). 

Peter F Parnell 

CEO & Company Secretary