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Fonterra director fees lift $6000 to $191,000.
Fonterra shareholders have voted to increase the allowance of directors and Co-operative Council members.
Co-op chairman Peter McBride’s allowance jumps $15,000 to $470,000 per annum.
Fonterra director fees lift $6000 to $191,000.
The motion to increase director allowance was approved by 85% of farmers at the co-op’s annual meeting in Rotorua today.
The motion to increase the remuneration of councillors was supported by 82% of shareholders.
The incoming council chair John Stevenson will now be paid $120,000, an increase of $10,000. Councillors get $38,500, an extra $1000.
A motion to retain KPMG as auditor for another year was passed by 97% of shareholders.
Almost 96% of shareholders also voted in favour ratifying the appointment of Scott St John as a director for another three year term.
St John was appointed to the Fonterra board in 2016.
He was the chief executive officer of First NZ Capital (FNZC) for 15 years, stepping down from that role in early 2017.
He is the chair of Fisher and Paykel Healthcare and serves on the board of ANZ Bank New Zealand, Mercury NZ Limited and NEXT Foundation.
A Māori-owned agribusiness helping to turn a long-standing animal welfare and waste issue into a high-value protein stream for the dairy and red meat sectors wants more industry support.
Waikato farmer, and Owl Farm demonstration manager, Jo Sheridan is the 2025 Fonterra Dairy Woman of the Year.
As part of preparing for a potential IPO in relation to the divestment process for its global Consumer business and integrated businesses Fonterra Oceania and Sri Lanka, Fonterra has named Anne Templeman-Jones as chair-elect of the Audit and Risk Committee for the Mainland Group board.
Fonterra says it takes the ongoing threat of 'adverse cyber action' extremely seriously.
Despite the turmoil in global markets, Fonterra is continuing with a dual track process to divest its multi-billion dollars consumer businesses.
Business Advisors and Accountants (BFA) and Craigs Investment Partners will be hosting an event later this month where they will take a deeper look at the practical and emotional side of succession planning.
Beef + Lamb New Zealand (B+LNZ) says the Government needs to close loopholes in the guidance around limits on carbon forestry as news of further whole-farm sales emerges.
Sales of premium brand Envy apples are booming in Taiwan.
Sheep milk powder and products exporter Maui Milk is partnering with one of China’s biggest dairy players to boost its market presence.
Ngai Tahu's legal action seeking self-determination (rangatiratanga) over fresh water could have huge implications for the future of farming, the viability of farming businesses, and our wider rural communities, says Federated Farmers national vice president Colin Hurst.
A Māori-owned agribusiness helping to turn a long-standing animal welfare and waste issue into a high-value protein stream for the dairy and red meat sectors wants more industry support.
