Friday, 22 March 2019 09:58

Light reading

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In a follow-up to this old mutt’s piece two issues ago about Fonterra directors getting to grips with the co-op’s financial state and loudly sharing their dismay in the Koru club, another of the Hound’s spies has passed on more news in the ‘Fonterra director watch’ category.

Apparently, your canine crusader’s mate was recently sharing a flight with a couple of the dairy co-op’s directors and noticed that one of the newly elected board members was engrossed in reading a fancy management book.

However, the Hound’s spy reckons that although the management book might get the co-op’s board up with the latest corporate buzzwords like ‘good to great’, ‘getting on the bus’ and ‘strategic management’, Fonterra directors would be better employed learning how to read budgets and how to minimise costs and maximize profit.

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