Ah well - comes a bit late - I seconded the decision already to NZSA (as proxy), but as it now looks like, they don't need to step up.
Looking at the bigger picture ... it appears NZO do have some governance issues - a squeaky clean board would not run into problems like that. Still believe that their SP has some growth potential (with the recovering price of oil) - but they might not be one of these shares I hang on for many years to come ...