There could be another dairy health scare brewing in China and this one starts in our backyard.
Displaying items by tag: Fonterra Shareholders Council
One new director and nine new Shareholders’ Councillors will take office following the Fonterra annual meeting on Thursday.
Fonterra directors and shareholder councillors will go without a pay rise for a third straight year.
Fonterra’s recording of its highest ever EBIT, which resulted in Fonterra Farmers receiving a 60% increase on the earning per share received last season, was a positive result in an otherwise challenging environment.
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 chairman John Wilson is confident of securing 75% support among farmer shareholders for a reduced 11-member board.
Fonterra's board is facing renewed pressure to further cut the number of directors and make do with fewer independents.