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.
A former chief executive of Australian dairy processor National Foods and Waikato dairy farmer Ashley Waugh has been elected to the Fonterra Board of Directors.
Waugh was a critic of Fonterra's performance during the election lead up and questioned why its payout was never substantially ahead of other milk processors.
Fonterra board chairman John Wilson and Nicola Shadbolt were incumbent directors who retained their seats, says returning officer Warwick Lampp, of electionz.com. Blue Read lost his seat and Greg Maughan and Murray Beach were unsuccessful.
Ashley Waugh lives and farms at Pokuru, near Te Awamutu. He is an experienced company director and dairy company executive, having previously worked for the New Zealand Dairy Board in a number of roles since 1991, and latterly as CEO of National Foods in Australia. Ashley is currently chairman of Moa Group Ltd, and a director of Seeka Kiwifruit Industries Ltd and The Heat Group Ltd (Australia).
Shareholders David Gasquoine and Stephen Silcock were elected unopposed as members of the Directors' Remuneration Committee.
In the Shareholders' Council elections, the following Shareholders' councillors were elected:
Ward 14 – Eastern Bay of Plenty Wilson James
Ward 17 – Northern Taranaki Kevin Turnbull
Ward 23 – Hawke's Bay Andrew Hardie
Ward 26 – Tasman/Marlborough Sue Brown
Andrew Hardie and Sue Brown are new shareholders' councillors.
In the eight other Shareholders' Council wards where elections were due, nominees were elected unopposed. The councillors in those wards are:
Ward 2 -Central Northland Penny Smart
Ward 5 - Hauraki / Coromandel Julie Pirie
Ward 8 - Matamata Grant Wills
Ward 11 - Te Awamutu Kevin Ferris
Ward 20 - Egmont Plains Rob Poole
Ward 29 - Ashburton Charles Whitehead
Ward 32 - Otago Ad Bekkers
Ward 35 - Western Southland Vaughan Templeton
All successful candidates will take office at the close of the annual meeting on Wednesday, November 25, 2015.
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.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
World Veterinary Day falls on Saturday 27 April.
The Director General of MPI, Ray Smith says it's important for his department to celebrate the success of a whole range of groups and people around the country.
A small company which mobilised veterinarians around the country to deal with Mycoplasma bovis was one of the winners in this year's Biosecurity Awards, held at Parliament.
One of the country's top Māori sheep and beef farms is facing a five-year battle to get back to where it was before Cyclone Gabrielle struck just over 14 months ago.