Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Former Fonterra director Leonie Guiney is standing for the co-op’s director elections.
Guiney and corporate farmer John Nicholls self nominated for the board elections.
They will go against the three candidates nominated by Fonterra’s board and Shareholders Council; Peter McBride, Jamie Tuuta and sitting director Ashley Waugh.
Two sitting directors- former chairman John Wilson and Nicola Shadbolt are retiring from the board. Each year three farmer-elected directors retire by rotation.
Guiney, who served on the board for three years, failed to win board nomination last year.
Following the completion of the Self Nomination Process for the 2018 Directors’ Election Process, there are five candidates standing for three places on the Fonterra Board in 2018.
The forthcoming election will now require Fonterra shareholders to consider the five candidates. To be elected to the Board each candidate must receive more than 50% shareholder support. If more than three candidates receive more than 50% shareholder support the three candidates with the highest levels of support will be elected.
Fonterra shareholders have the opportunity to meet candidates at seven locations throughout the country, starting in Invercargill on October 23.
Federated Farmers president Wayne Langford is claiming “some real success” on the 12 policy priorities it placed before the Coalition Government.
Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.
The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.
Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.
One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.
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