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

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