60Purpose of annual general meeting

#### 60 Purpose of annual general meeting The purpose of an R&D Corporation’s annual general meeting is to provide an opportunity for those included in the list prepared by the Corporation under section 57: (a) to consider the most recent annual report of the Corporation; and (b) to receive an address by the Chairperson of the Corporation concerning: (i) the Corporation’s performance in the financial year to which the annual report relates; and (ii) the outlook for each designated primary industry sector in relation to the Corporation and the Corporation’s intended activities in the following financial year; and (c) to question the directors about any aspect of the Corporation’s activities during the financial year to which the annual report relates and any aspect of the Corporation’s intended activities; and (d) to debate, and vote upon: (i) any motion relating to a matter within the Corporation’s responsibilities other than a matter relating to the amount of any of the levies or charges covered by paragraph 56(a); or (ii) any motion moved on behalf of the Corporation to endorse a recommendation that the Corporation proposes to make to the Minister in relation to the amount of any of the levies or charges covered by paragraph 56(a); or (iii) any motion of no confidence in the Chairperson or in the Corporation.