Bega Cheese Strengthens Opening Milk Price, page-90

I heard, it was a terrible way to learn a hard lesson though. I think it was related to history and how voting results went for farmer nominations on to the Board of the old MGC as a cooperative and the smaller folks just lost confidence in a "voting system" from past experience so didn't bother.

Many small ASX listed companies where the Chair or other Directors hold the majority or at least a majority also fall for the same fate and small holders just don't bother voting.