Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Three sitting Fonterra directors - chairman Peter McBride, Leonie Guiney and John Nicholls - have been re-elected to the board for another three-year term.
The three directors were the only candidates for board elections this year: however new election rules mean a candidate must get over 50% of the votes cast to be elected.
Fonterra Co-operative Council chairman James Barron announced that shareholders had voted to re-elect the three sitting directors.
Elections were also held in three council wards.
In Ward 10 (Northern Bay of Plenty) Don Hammond was re-elected.
In Ward 13 (Central Taranaki) Karyn Johnson and in Ward 19 (Tasman / Marlborough) Simon Tripe defeated their opponents to get elected to the council for the first time.
In the seven other Co-operative Council wards where elections were due, nominees were elected unopposed.
They are: Ward 1 (Northern Northland) Peter Giesbers, Ward 2(Central Northland) Greg Collins, Ward 7 (Waipa) Mike Montgomerie, Ward 16 (Central Districts West) Megan Cushnahan, Ward 21 (Central Canterbury) Mark Slee, Ward 22 (South Canterbury) Mark Cressey and Ward 25 (Western Southland) Kevin Dixon.
Giesbers, Collins, Cushnahan, Cressey and Dixon are new councillors.
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.