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.
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.
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
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