Survey shows most Fonterra farmers plan to use capital return for debt reduction
A large slice of the $3.2 billion proposed capital return for Fonterra farmer shareholders could end up with the banks.
They are Blue Read, Donna Smit, Eric Ray, Grant Cochrane, Grant Rowan, Jacqueline Rowarth, Jan Marten Kingma, Lachie Cameron, Michael Spaans and the two incumbent directors John Wilson and Nicola Shadbolt.
As in previous years, the candidate assessment panel (CAP) process is available to independently assess the capabilities, experience and qualifications of any and all director candidates to help shareholders make informed votes. CAP is not compulsory for candidates.
The CAP results and candidate profiles will be mailed to Fonterra's eligible shareholders with voting papers on November 26 and will be displayed on Fencepost via www.fonterra.com.
Fonterra shareholders can meet candidates and ask questions at directors' election candidate meetings scheduled for December 3-7.
Shareholders can vote by internet, fax or post. Voting is by the single transferable vote method. Voting is open from 10.30am November 26 to 10.30am December 15.
Results will be announced at the annual meeting on December 17.
