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Subscriber only Power strength and speed. Thoroughbred racehorses are best known for the God-given attributes that make them unsurpassed in their line of work. But what happens when that work dries up? When the roar of the frenzied crowd fizzles, the prizemoney peters out and the constant attention, training, preening and pampering is no longer required? The life of a working racehorse can be more micromanaged than that of a Disney starlet with not a grain of feed consumed without managerial approval. But what comes next?
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Horsetalk.co.nz
Equestrian Australia (EA) has exited the Voluntary Administration process following its Deed of Company Arrangement (DOCA) coming into effect.
Mark Bradley, EA’s Chairman of the Board of Directors, said that Voluntary Administrators Craig Shepard and Kate Conneely from KordaMentha, have finalised all conditions of the DOCA and have handed back control of the organisation effective from February 11. EA had been placed in administration in June, 2020.
“The new EA Board, who were appointed in October 2020, but were unable to formally act until the end of the DOCA now have the authority to govern the sport and lead it forward,” Bradley said.
Horsetalk.co.nz
Equestrian Australia’s rescheduled Annual General Meeting on January 25 lapsed after the number of voting members required in person or by proxy to form a quorum was not met.
Under normal circumstances, only 20 voting members are required to constitute a quorum at the AGM, but as there was a ‘Special Business Notice of Motion’ on the agenda 5% of voting members were required. While this equated to 820 voting members, 654 voting members attended.
The ‘Special Business Notice of Motion’ tabled for the meeting was looking to grant Equestrian Northern Territory the same voting rights as those held by other state branches. That motion has also lapsed but this does not restrict the submission of a further ‘Notice of Motion’, which is allowed under the current constitution.