Fonterra Board Pay Rise: Chair Fee Up to $528,500
Fonterra board members are in line for a pay rise of around 3%.
Judging by the performance of Fonterra's share price on the New Zealand Stock Exchange, farmers are still offloading their shares for fear of the prices crashing under a farmers-only trading market.
Since the revised preferred option was unveiled on July 19, the share price has dropped 40c to $3/share.
The share price touched an all-time low of $2.88 six weeks ago and was heading into the same territory last week.
