Fonterra’s exit from Australia ‘a major event’
Fonterra’s impending exit from the Australian dairy industry is a major event but the story doesn’t change too much for farmers.
Last year two farmer nominated candidates won seats ahead of candidates (including one sitting director) endorsed by the Fonterra board and shareholders council. The board anointed candidates also had the blessing of the independent selection panel.
But farmers disregarded that and voted for two self nominated candidates. Two sitting directors are standing again this year.
