fbpx
Print this page
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

"Our" business?

OPINION: One particular bone the Hound has been gnawing on for years now is how the chattering classes want it both ways when it comes to the success of NZ's dairy industry.

Farmers' call

OPINION: Fonterra's $4.22 billion consumer business sale to Lactalis is ruffling a few feathers outside the dairy industry.

Wasted energy

OPINION: Finance Minister Nicola Willis could have saved her staff and MBIE time and effort over ‘buttergate’ recently by not playing politics with butter prices in the first place.

Featured

Eric Roy: Championing the pork industry

It was recently announced that former MP and Southland farmer Eric Roy has stepped down of New Zealand Pork after seven years. Leo Argent talks with Eric about his time at the organisation and what the future may hold.

National

Machinery & Products

JDLink Boost for NZ farms

Connectivity is widely recognised as one of the biggest challenges facing farmers, but it is now being overcome through the…

New generation Defender HD11

The all-new 2026 Can-Am Defender HD11 looks likely to raise the bar in the highly competitive side-by-side category.