Fonterra lifts milk price forecast to $10.15/kgMS
Fonterra has increased its 2024/25 forecast Farmgate Milk Price from $10/kgMS to $10.15/kgMS.
At least one new director will be elected to the co-op board this year and Fonterra Shareholders Council chair, Ian Brown, is urging farmers to take part in the poll and elect the best-qualified people to govern their business.
Six director candidates - Gray Baldwin, Leonie Guiney, David MacLeod, John Monaghan, Garry Reymer and Grant Rowan are vying for three seats at Fonterra's top-table, with voting closing at 10.30am on Monday, 10 November.
Brown says it is vital that shareholders take the responsibility to make an informed decision that benefits us now and the next generation of Fonterra farmers in years to come.
"This means electing to our board the candidates with the mix of governance skills, ability and experience that will enable Fonterra to continue to succeed in the global marketplace in which it operates."
"Fonterra Farmers are incredibly passionate about ensuring 100% supplying shareholder ownership and control of their co-op. Voting in the Fonterra elections is farmers' key control right and it is important that we not only exercise this right but do so in the best interests of all shareholders.
"With over 50% of total Fonterra votes held by shareholders who supply less than 200,000kgMS annually all farmers need to know that their vote counts."
Voting information
• Voting for the directors' and the Shareholders' Council elections closes at 10.30am on Monday, 10 November 2014 with the results announced later that day.
• Shareholders can vote by internet, fax or post, using the Single Transferable Vote system.
• Three seats on the Fonterra board will be contested.
• The director candidates are: Gray Baldwin, Leonie Guiney, David MacLeod, John Monaghan, Garry Reymer, and Grant Rowan.
• Four seats on the Shareholders' Council will be contested in wards: 2 Central Northland, 7 Piako, 14 Eastern Bay of Plenty and 22 Northern Manawatu.
