All eyes on NZ milk supply
All eyes are on milk production in New Zealand and its impact on global dairy prices in the coming months.
And they are sitting directors - chairman Peter McBride, John Nichols and Leonie Guiney - all retiring by rotation and seeking re-election.
With three vacancies and three candidates, an election will still need to take place as rules stipulate that a candidate must get at least 50.01% of the votes to be elected.
But with no one challenging the status quo, it seems farmers shareholders are happy with the direction of their co-op.
This also bodes well for the capital structure revamp, spearheaded by McBride, It will need 75% support from voting farmers at the co-op's AGM next month to pass.
