Sugar hit
OPINION: Winston Peters has described the decision to sell its brand to Lactalis and disperse the profit to its farmer shareholders as a 'short sighted sugar hit'.
Sitting Fonterra directors Donna Smit and Andy Macfarlane have been announced as two of the four independently assessed candidates for the 2019 Fonterra board elections.
The other two candidates are Philipp Haas and Cathy Quinn.
As re-standing directors, Smit and Macfarlane automatically go through to the ballot: Haas and Quinn were recommended by the Independent Selection Panel after their assessment process.
There are two different ways that shareholders can stand for the board – as Independently assessed candidates or as non-assessed candidates.
Nominations for non-assessed candidates, where farmers can stand as a candidate for the board with the support of 35 different shareholders, are now open. Nominations close at noon on Friday, 27 September.
The full list of candidates will be announced on Monday, 30 September 2019.
Voting Packs, containing candidate profiles, will be mailed to eligible shareholders on Tuesday, 15 October 2019. Shareholders can vote by internet or post, using the First Past the Post voting system. Voting closes at 10.30am on Tuesday, 5 November 2019 with the results being announced later that day.
Rural Women New Zealand (RWNZ) has announced Sandra Kirby will take over as the organisation's new chief executive.
Puro, the country's largest cannabis cultivator, has won the Supreme Award at the Marlborough Business Excellence Awards.
Rawhiti Environmental Park Limited has been convicted on eight charges and fined a total of $437,000 for persistent discharges of raw piggery effluent into the environment between February and October 2023.
The New Zealand Merino Company (NZM) is expanding its collaboration with TextileGenesis to deliver full traceability for 100% of ZQ certified wool and ZQRX regenerative wool.
According to Federated Farmers, Environment Southland has mishandled the consent process for Waituna Lagoon, leaving the community with numerous bad outcomes.
Metallica's charitable foundation, All Within My Hands (AWMH), teamed up with Meet the Need this week for a food packing event held at the New Zealand Food Network warehouse in Auckland.