Fonterra cements position as the big cheese!
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
Fonterra director Malcolm Bailey says there is a "clear 50/50 split" among shareholders on the issue of governance.
Bailey, who chairs the board's governance review committee, was speaking at the annual general meeting in Waitoa today.
His comments came as early results saw 54.4% support for a resolution to reduce the board to nine members- six elected and three appointed.
Shareholders at the meeting are yet to cast their votes so the final result is still a few hours away.
The motion, moved by former directors Greg Gent and Colin Armer, is unlikely to get 75% support needed to change the constitution.
Bailey says both Gent and Armer are well regarded in the co-op.
"It's no surprise that they have received strong support," he says.
Fonterra chairman John Wilson will be commenting on the voting result soon.
The European Union Ambassador says the new free trade agreement (FTA) between the bloc and New Zealand will bring significant benefits to both parties.
Less Wellington bureucracy and more local, on-farm common sense was the focus of recent meetings held in South Canterbury as part of the Government's National Woolshed tour program.
'A lot of interest and positive responses' appears to be the way farmers are viewing the Government's initiative to hold a series of woolshed meetings around the country.
A Southland farming leader wants the regional council to delay a proposed regional rates hike, much of which is intended to fund flood protection works.
Rural Women New Zealand (RWNZ) says access to personal banking services in rural communities is fundamental to promoting outcomes that benefit Kiwi consumers.
Horticulture NZ chief executive Nadine Tunley will step down in August.