Displaying items by tag: Fonterra Shareholders Council

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.

Fonterra directors have completed a second round of meeting with shareholders on proposed changes to its leadership structure.

Two internationally renowned presenters will provide Fonterra farmers with their expert views at upcoming Shareholders' Council 'Grow Your Mind Seminars' (GYMS).

Fonterra Shareholders' Council chairman, Duncan Coull, said today's interim results announcement was in line with forecasts, and the expectations of the council.

Fonterra Shareholders Council says the co-op's 45c drop in the 2015-16 forecast payout is a sobering blow to farmers.

The writing is on the wall for Fonterra's chairman John Wilson, his board and management; fed-up farmer shareholders are demanding changes.