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.
Bay of Plenty farmer and accountant Donna Smit has been nominated by the Fonterra board for one of the two director vacancies.
The board has also nominated director Michael Spaans, retiring by rotation.
Both candidates were recommended by the Independent Selection Panel. The process for their nomination was supported by the Shareholders Council in accordance with the independent nomination process.
As a result of the recent changes to Fonterra’s governance and representation, approved by Shareholder vote at the Special Meeting in October, the 2016 Directors’ Election process includes two nomination options; the independent nomination process and the self-nomination process.
The self-nomination process, where farmers can stand as a candidate for the board with the support of 35 different Shareholders, is now open. Nominations close on Thursday, 10 November 2016.
The full list of candidates for the Fonterra board election, including the independent nomination process candidates and any self-nomination process candidates, will be announced by November 16.
Voting packs, containing candidate profiles, will be mailed to eligible shareholders on November 21.
Shareholders can vote by internet, fax or post, using the First Past the Post, Majority system. Voting closes at 10.30am on Tuesday, 6 December 2016 with the results being announced later that day.
Questions are being raised about just how good the state of the dairy industry is - especially given that the average farmgate payout for the coming season is set to exceed $10/kgMS.
A leading financial and banking advisor says he doubts if most dairy farmers fully understand the dynamics of banking.
Dairy farmers are shoring up their balance sheets, with almost $1.7 billion of debt repaid in the six months to March 2025.
Virtual fencing company Halter is going global but for founder Craig Piggott, New Zealand farmers will always remain their main partners.
A former Fonterra executive is the new chair of the Dairy Companies Association of New Zealand (DCANZ).
New Federated Farmers national dairy chair Karl Dean is looking forward to tackling the issues facing the sector.
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