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's chairman Henry van der Heyden says the board regrets Simon Couper's decision to stand down as Shareholders Council chairman.
"But if Simon is uncomfortable, he has done the right thing by the cooperative," he says.
"The board is grateful to Simon for his eight years of service to Fonterra."
Couper resigned yesterday after expressing reservations about TAF's ability to maintain 100% farmer control and ownership. The new chairman Ian Brown has expressed support for TAF.
Van der Heyden says the Shareholder Council had pulled out all stops to complete their due diligence on TAF in order to provide shareholders with their independent evaluation of the package before farmers had their final vote on June 25.
"When we are making such a significant decision to protect the cooperative, it is important that the board and council are able to stand shoulder to shoulder. So the board is delighted to have council's support," Sir Henry said.
"When we announced the special meeting we said that we wanted to have this final vote to unify the cooperative. With board and council unified on Trading Among Farmers we are now a long way down that track."
The notice of meeting pack will be mailed to shareholders at the end of next week and the board is encouraging all shareholders to exercise their vote and to have their say.
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.
World Veterinary Day falls on Saturday 27 April.
The Director General of MPI, Ray Smith says it's important for his department to celebrate the success of a whole range of groups and people around the country.
A small company which mobilised veterinarians around the country to deal with Mycoplasma bovis was one of the winners in this year's Biosecurity Awards, held at Parliament.
One of the country's top Māori sheep and beef farms is facing a five-year battle to get back to where it was before Cyclone Gabrielle struck just over 14 months ago.