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.
Another Fonterra director is leaving the co-op.
Independent director, Simon Israel will leave the board at the annual general meeting in November when his term expires.
Fonterra says Israel’s decision is in support of planned succession and the need to phase the refresh of the cooperative’s Independent directors.
Israel was appointed to the board in 2013 and is currently a member of Fonterra’s Appointments and Remuneration Committee. Based in Singapore, Israel has contributed valuable insights from his 39 years of business experience in Asia, leading businesses and as a chairman and company director. He is currently the chairman of Singapore Telecommunications and chairman of Singapore Post.
In a note to the Fonterra farmer-owners today, Fonterra chairman John Monaghan said that internationally respected directors of Israel’s calibre aren’t easy to come by.
“He has been a real asset on our board over the past six years and I would like to thank Simon for his significant contribution to the board and our cooperative.”
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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