"This system is based on widely practiced shareholder voting procedures and positions our sport for greater unity and further progress," said Stronach, an NTRA board member.The board will have 39 at-large directors, divided into three categories of 13. Each class of representatives will be elected to a three-year term.Eligibility to stand for election as a board member will be open to any breeder in good standing with the support of at least 50 votes, with detailed procedures to be developed by this fall. The first election by Breeders' Cup nominators will take place next July for the director class of July 2005.Certain ex officio directors will be retained, which will bring the total to 48.
"This development not only enfranchises our Breeders' Cup nominators, who provide crucial financial support to the Breeders' Cup each year, but also enhances the role of owners and breeders in shaping the organization's future," said D.G. Van Clief Jr., Breeders' Cup president and NTRA vice chairman.