Wednesday, 04 November 2020 09:53

NZDG vs. Kiwi

Written by  Milking It

OPINION: The big review of the Fonterra Shareholders Council threw a light on some quite negative sentiments among shareholders about its ‘watchdog’.

While many wanted to see major changes to the council, to give it more teeth but less cost, only a few wanted to get rid of it altogether.

However, PR man Matthew Hooton – whose resume includes not only the trainwreck that was Todd Muller’s brief leadership of the National Party, but also PR guy for the first ever Fonterra CEO, the late Craig Norgate – disagrees.

“Just abolish it,” Hooton says. “The idea came from NZ Dairy Group that had one pre-merger, but the Kiwi Dairies side always thought it was stupid because it interfered in the relationship between shareholders & directors. But they went along with it to get the merger done.”

Norgate came over from Kiwi, so it’s safe to assume Hooton’s take came straight from the big guy himself.

Featured

Feds back Fast-Track Approval Bill

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.

Machinery builder in liquidation

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.

Two hemispheres tied together through cows

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.

National

Frontline biosecurity 'untouchable'

Biosecurity Minister Andrew Hoggard has reiterated that 'frontline' biosecurity services within Ministry for Primary Industries (MPI) will not be cut…

Machinery & Products

New name, new ideas

KGM New Zealand, is part of the London headquartered Inchcape Group, who increased its NZ presence in August 2023 with…

All-terrain fert spreading mode

Effluent specialists the Samson Group have developed a new double unloading system to help optimise uphill and downhill organic fertiliser…

» Latest Print Issues Online

Milking It

Plant-based bubble bursts

OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter