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.
Fonterra director Malcolm Bailey says there is a "clear 50/50 split" among shareholders on the issue of governance.
Bailey, who chairs the board's governance review committee, was speaking at the annual general meeting in Waitoa today.
His comments came as early results saw 54.4% support for a resolution to reduce the board to nine members- six elected and three appointed.
Shareholders at the meeting are yet to cast their votes so the final result is still a few hours away.
The motion, moved by former directors Greg Gent and Colin Armer, is unlikely to get 75% support needed to change the constitution.
Bailey says both Gent and Armer are well regarded in the co-op.
"It's no surprise that they have received strong support," he says.
Fonterra chairman John Wilson will be commenting on the voting result soon.
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
Waikato herd health veterinarian Katrina Roberts is the 2024 Fonterra Dairy Woman of the Year.
Trade Minister Todd McClay says New Zealand has no intention of backing down in a trade dispute with Canada over dairy products.
There have been leadership changes at the Hamilton-based Dairy Goat Co-operative, which has been struggling financially in recent years.