$500k for chair
OPINION: Fonterra's chair will be paid nearly $500,000 if shareholders approve a proposal by the directors' remuneration committee.
Fonterra has slapped an injunction against former director Leonie Guiney, preventing her from sharing confidential information about the co-op with the media.
The co-op’s lawyer Daniel Kalderimis sought the order in the Wellington High Court on Friday afternoon; Justice Clark granted an interlocutory injunction.
Rural News received the court injunction via email from law firm Chapman Tripp. The firm’s senior solicitor Julian Brown told Rural News online that all media outlets served with the notice are covered by the court order.
The injunction bars Guiney from “breaching her duties of confidentiality” to Fonterra.
It also bars media organisations from using or publishing any confidential information received from Guiney.
Guiney left the Fonterra board in controversial circumstances last November; she failed to get endorsed by an independent selection panel and a board sub-committee to stand again in the director elections.
As a sitting director who failed to get endorsed during the independent selection process, the South Canterbury farmer was disqualified from standing in the last board elections. She can contest this year.
Before joining the board in 2014, Guiney had been a vocal critic of the co-op.
New Zealand dairy processors are welcoming a new free trade deal with the country’s second largest market.
Nominations are now open for the Ford New Zealand Rural Sports Awards.
Lower volumes from meat processing plants are impacting export returns for New Zealand red meat.
Animal disease management agency OSPRI has written off nearly $17 million after a botched attempt to launch a new integrated animal disease management and traceability system.
A free trade deal signed overnight with the Gulf Cooperation Council (GCC) is a boost for New Zealand’s red meat exports to the high-value market.
OPINION: Finally there's clarity for farmers around freshwater management regulations.
OPINION: The country's dairy farmers will now also have a hand in providing free lunch for schools.
OPINION: The abrupt departure of Synlait chief executive Grant Watson could be a sign that Chinese company Bright Dairy, the…