UK activists have resumed their attack on the dairy industry.
Fonterra chairman John Wilson is confident farmers will next week approve changes to the co-op’s governance structure.
Fonterra's plan to revamp its board failed to attract sufficient support from farmer shareholders because it had "two fatal flaws", say opponents.
Former Fonterra director Colin Armer is voting against the co-op's governance and representation proposal, which causes him some worries.
Fonterra shareholders are between a rock and a hard place. The dilemma is in governance and neither of the current possibilities appears to be without concerns.
Fonterra's board is facing renewed pressure to further cut the number of directors and make do with fewer independents.
Fonterra chairman John Wilson is optimistic shareholders will accept the small cut proposed to the co-op's board.
Former Fonterra director Greg Gent says grass will become fashionable again as the effects of lower dairy prices continue.
Against the backdrop of a falling milk payout, Fonterra farmers will this week start discussing a governance review of the co-op.
Fonterra farmers were angry with the directive from the Shareholders Council to vote against a remit, says Greg Gent.