Gardiner Dairy Foundations Constitution guides its responsibility. The board must:
• Invest the income and capital of the Company in investments that are prudent and not speculative
• Diversify the investments
• Have regard to the need to maintain the real value of capital and the risk of capital loss and depreciation
• Have regard to the liquidity and marketability of the proposed investment
Consistent with it’s Constitution, Gardiner Dairy Foundation and our investment managers have developed an investment strategy recognising the Foundations not-for-profit status and perpetual investment horizon. Our investment portfolio provides consistently high, stable and growing income, in addition to long-term capital growth, producing income between $5 and $6 million each financial year.
Every three years Gardiner Dairy Foundation commissions an independent review of the performance of the existing investment managers.
For more information, read our Constitution, Annual Report, or Board Governance Charter.
Gardiner Dairy Foundation’s Constitution stipulates three Members;
• Farmer representative currently United Dairy Farmers of Victoria
• Manufacturer representative currently Australian Dairy Industry Council
• Processor representative currently Australian Dairy Products Federation