Green Light for Fonterra's $3.2b Capital Return Scheme
Fonterra farmer shareholders have approved the mechanism for a $2/share capital return expected from the sale of its global consumer and associated businesses.
Fonterra, as one of the biggest corporates in the country, has been doing its bit for the community - like contributing to Kickstart Breakfast alongside the Government.
Given the financial strife facing Fonterra shareholders, should the co-op pull out of such initiatives until dairy prices improve?
This will keep a bit more money in farmers' pockets. And, isn't funding social welfare initiatives the job of the government?
