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.
Two long-serving Fonterra farmer directors – Malcolm Bailey and Ian Farrelly –will retire from the Fonterra board at the cooperative’s annual meeting on 8 December.
They have informed Fonterra’s board of their decisions. Chairman John Wilson says Bailey and Farrelly were dedicated and experienced directors who shared a strong commitment to cooperative principles and the business’ strategy of converting more milk into higher-value products.
“On behalf of the board and our farmers, I want to thank Malcolm and Ian for their service to our co-operative over more than two decades combined.
“They brought to our board strong agri-business acumen and governance experience, along with a passion for dairy farming – both are successful commercial farmers with farming interests in Waikato, the lower North Island and Canterbury.
“Importantly, they were deeply connected with our farmer shareholders and our co-operative’s focus on producing the best milk and securing the best returns in global markets.
“On behalf of all of our farmers I’d like to personally thank them for their contribution and commitment to our co-operative. Both have served on our board during a period of significant change, including the introduction of trading among farmers, our business strategy refresh and more recently the governance and representation review.
“Malcolm was elected to the board in 2004, after previously serving as president of Federated Farmers. He chaired the board’s risk committee until May this year, and is a member of the cooperative relations committee. He also made a valuable contribution to our governance and representation review, leading the initial work undertaken in 2013.
“Ian was elected to the board in 2007, following a 20-year career in the banking industry. He is a member of the board’s audit and finance committee and the people, culture and safety committee. He also serves on the board of the manager of the Fonterra Shareholders’ Fund, a position from which he will also retire in December,” said Wilson.
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.
Two major red meat sector projects are getting up to a combined $1.7 million in funding from the New Zealand Meat Board (NZMB).
Angus Barr and Tara Dwyer of The Wandle, Lone Star Farms in Strath Taieri have been named the Regional Supreme Winners at the Otago Ballance Farm Environment Awards in Dunedin.
OPINION: The distress that the politicians and bureaucrats are causing to the people of Wairoa and the wider Tairāwhiti is unforgivable.
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.
OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird…
OPINION: Synlait's financial woes won’t be going away anytime soon.