Fonterra Whareroa sets cheese record, wins top award
Fonterra Whareroa wrapped up a successful season with a record-breaking cheese production volume and several gongs at the co-op's annual Best Site Cup awards.
Fonterra needs to know why it exists if it is to create successful strategies, says outgoing Fonterra Shareholders Council chairman Duncan
Coull says the co-op’s purpose review has been the most defining piece of his tenure.
The council instigated this review in February 2018 after discussions with the board under then chairman John Wilson.
The review sought input from farmer shareholders, employees and customers, highlighting the need to have a purpose that built belief and belonging and also acted as a guide to the culture and the strategic direction of our co-op.
Next week, Coull steps down after nine years on the council, with four-and-a-half years served as chairman.
He says without knowing why the co-op exists, any strategy, old or new, would be ineffective for Fonterra.
“Without clarity of purpose, no matter how good strategy is or was, we would find ourselves back in this position after not too long,” he told Dairy News.
Coull says the purpose of any organisation is critical in terms of understanding why it exists – how this shapes strategy and what needs to be done to effect the strategy.
“For Fonterra in the first 18 years it could talk very clearly and succinctly about what it did, less so about how it did and very rarely talked about why it did what it did.”
“Purpose is now at the heart of everything we do, why we get out of bed in the morning.
“It is about our co-op empowering our people to create goodness for generations: you, me and us together, and it drives everything we do within this organisation.
“It holds the strategy to account, it holds behaviour to account and drives better outcomes for all of us.
“In the absence of this work we had nothing that was holding our strategy to account.”
At Fonterra’s annual meeting, farmers will be voting on two farmer resolutions seeking an independent review of the council.
Coull and his councillors and Fonterra’s board oppose both motions because the council believes the reviews proposed by the farmer resolutions do not go far enough.
“There needs to first be a full review of council’s purpose and functions before considering whether council has been effective, or deciding on any changes. The council has itself already called for a full review of the council.”
Farmers behind the two motions say the council’s review will end up as an internal affair, something Coull disagrees with.
He says the council is open to and understands the importance of independence in the review.
“Our council is excited about the review and working with farmer shareholders.
“He points out that there has been no clear review of the council’s constitutional function since Fonterra’s formation.
“Our view is that resolutions coming before us are from people who care about the co-op and its future. It’s critical that we all work together.”
Commercial fruit and vegetable growers are being encouraged to cast their votes in the Horticulture New Zealand (HortNZ) board directors' election.
A unique discovery by a Palmerston North science company, Biolumic, looks set to revolutionise the value and potential of ryegrass and the secret is the application of ultraviolet (UV) light.
A New Zealand company is redefining the global collagen game by turning New Zealand sheepskin into a world-class health product.
With further extreme weather on the way, ANZ Bank is encouraging farmers and business owners impacted by the recent extreme weather and flooding to seek support if they need it.
New Zealand must continue to educate Chinese consumers about the unique qualities of its red meat products and how they differ from competitors, says Silver Fern Farms chief executive Dan Boulton.
There are opportunities outside the farmgate for young farmers to further develop their skills, says 2025 Primary Industries Emerging Leader Award winner Bridie Virbickas.
OPINION: It's official, Fieldays 2025 clocked 110,000 visitors over the four days.
OPINION: The Federated Farmers rural advocacy hub at Fieldays has been touted as a great success.