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.
A new election to appoint a third Fonterra director will be held next year.
Fonterra Shareholders Council chairman Duncan Coull says there’s little point in having the election before the festive season.
He says the council will be contacting shareholders to inform them of the new election date.
He said the Fonterra board could appoint an interim director but noted that rules barred this year’s unsuccessful candidates from being appointed.
The Fonterra board elections failed to produce three winners to fill three vacant board spots.
South Canterbury farmer Leonie Guiney and outgoing Zespri chairman Peter McBride got over the 50% yes vote threshold.
But three candidates missed out- sitting director Ashley Waugh, Jamie Tuuta and John Nicholls.
Guiney and McBride attended their first board meeting today following the co-op’s annual general meeting in Lichfield.
The meeting also paid tribute to the three outgoing directors Nicola Shadbolt, former chairman John Wilson and Waugh.
Wilson, who is recovering from an illness, wasn’t at the AGM.
Fonterra chairman John Monaghan paid tribute to Wilson’s long service to the dairy industry.
Federated Farmers president Wayne Langford is claiming “some real success” on the 12 policy priorities it placed before the Coalition Government.
Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.
The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.
Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.
One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.
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