Wednesday, 25 November 2015 16:38

Fonterra farmers want smaller board - Wilson

Written by 
John Wilson and Theo Spierings. John Wilson and Theo Spierings.

Fonterra farmers want a smaller board, says co-op chairman John Wilson.

Wilson says that's the message he got from taking part in farmer meetings around the country during the director election campaign.

He says Fonterra board and Shareholders Council will soon embark on a major consultation process with shareholders

"We will have a discussion on the capability of the board and the mix between elected and appointed directors," says Wilson.

He says a lot of ground work has been done over the past three years.

The review committee will be made up of board and council members; outside consultants may be engaged as part of the review.

A discussion document will be released January; a special shareholders meeting will be called around June next year.

The Colin Armer/Greg Gent proposal to reduce the board to nine members was supported by 53.8% of farmers. However, the proposal needed 75% support to enable changes to the co-op constitution.

About 65% of shareholders, producing 73% of the co-op's total milk solids, turned out to vote

More like this

Fonterra R&D: Innovation needs more than just PhDs

Common sense and good human judgement are still a key requirement for the super highly qualified staff working at one of New Zealand's largest and most important research facilities - Fonterra's R&D Centre at Palmerston North.

Featured

National

Machinery & Products

» Latest Print Issues Online

Milking It

Cuddling cows

OPINION: Years of floods and low food prices have driven a dairy farm in England's northeast to stop milking its…

Bikinis in cowshed

OPINION: An animal activist organisation is calling for an investigation into the use of dairy cows in sexuallly explicit content…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter