Rural services and finance company Allied Farmers says it supports calls by some of its shareholders to appoint two new independent directors to its board.
A lawyer acting for shareholders in the troubled company says they have serious concerns about how the company is being run and want a voice on the five-person board.
Tim Rainey says he represents about 12 former Hanover investors, who gained shares in Allied Farmers when it bought the failed finance company.
Allied Farmers managing director Rob Alloway, says nominations for new board members were called three weeks ago and says two of its six directors retire by rotation every year.
Mr Rainey says the group will begin contacting other shareholders and hopes to have the independent directors elected at the next annual meeting.
In a report issued on Friday, auditor PricewaterhouseCoopers said it had been unable to obtain sufficient evidence to decide if Allied Farmers could continue operating as a going concern.
