Sugar hit
OPINION: Winston Peters has described the decision to sell its brand to Lactalis and disperse the profit to its farmer shareholders as a 'short sighted sugar hit'.
Last year two farmer nominated candidates won seats ahead of candidates (including one sitting director) endorsed by the Fonterra board and shareholders council. The board anointed candidates also had the blessing of the independent selection panel.
But farmers disregarded that and voted for two self nominated candidates. Two sitting directors are standing again this year.
