fbpx
Print this page
Wednesday, 12 October 2016 11:04

Fonterra's new governance structure gets the tick

Written by 
Fonterra's new governance structure gets the tick

A new governance and representation structure for Fonterra will be passed today.

Early voting figures showed more than 85% of farmer shareholders have approved reducing the board size to 11 — made up of seven farmer-elected and four independent directors.

About 100 farmer shareholders are attending a special meeting in Palmerston North today and will cast their votes soon.

Fonterra chairman John Wilson announced at the meeting that as at 10,30am today, 85.45% of farmers have voted in support.

The co-op needs 75% support to change its constitution.

The board’s last attempt to pass the changes attracted only 64% support.

More like this

Fonterra R&D: Innovation needs more than just PhDs

Fonterra R&D: Innovation needs more than just PhDs

Common sense and good human judgement are still a key requirement for the super highly qualified staff working at one of New Zealand's largest and most important research facilities - Fonterra's R&D Centre at Palmerston North.

Misguided campaign

OPINION: Last week, Greenpeace lit up Fonterra's Auckland headquarters with 'messages from the common people' - that the sector is polluting the environment.

Popular Reads

Featured

Farmstrong marks 10 years of rural support

Nationwide rural wellbeing programme, Farmstrong recently celebrated its tenth birthday at Fieldays with an event attended by ambassador Sam Whitelock, Farmers Mutual Group (FMG), Farmstrong partners, and government Ministers.

National

Machinery & Products

Calf feeding boost

Advantage Plastics says it is revolutionising calf meal storage and handling, making farm life easier, safer, and more efficient this…

JD's precision essentials

Farmers across New Zealand are renowned for their productivity and efficiency, always wanting to do more with less, while getting…