Friday, 28 September 2012 15:16

Move provides ‘stability’

Written by 

Fonterra Shareholders' Council chair, Ian Brown says the decision by the Fonterra Board of Directors to retain the services of Henry van der Heyden and Ralph Waters into 2013 would provide stability for the introduction of Trading Among Farmers (TAF).

Brown expressed confidence in the board's governance structure and says retaining van der Heyden and Waters was a practical move particularly as at least one new director would be voted to the board in December.

"The decision is important to ensure continuity within our cooperative as we begin operating in a post-TAF landscape.

"Both Sir Henry and Mr Waters will have signed their name to the TAF prospectus and the council expects that they would stand behind it and remain to see the launch of TAF through."

More like this

Featured

National

Machinery & Products

» Latest Print Issues Online

Milking It

No show

OPINION: There will be no cows at Europe's largest agricultural show in Paris this year for the first time ever…

More cows, less barley

OPINION: Canterbury grows most of the country's wheat, barley and oat crops. But persistently low wheat prices, coupled with a…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter