UK activists have resumed their attack on the dairy industry.
A former Fonterra director says the co-op could suspend dividends to shore up its balance sheet rather than sell key assets.
Former Fonterra director Greg Gent says the co-op has made the right decision to change its external auditor.
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.
Three leading dairy farmers have told Rural News a back-to-basics approach is the best way to manage the present dairy crisis.