Fonterra Announces Interim Leadership Changes Ahead of Richard Allen CEO Transition
Fonterra has announced interim changes to the leadership of its Global Ingredients business.
At last we see Fonterra shareholders asking questions about its supposed watchdog, the shareholders council.
After years of rubber stamping strategy and executive performance now revealed as fairly average, the council has earned a reputation as being more lapdog than watchdog. Concerned shareholders now want answers.
They have put a resolution for the Fonterra annual meeting demanding an independent review of the council, to be completed mid-2020 with any constitutional changes tabled at the 2020 annual meeting.
Crucially, they don’t want another internal whitewash review: they rightly say it must be independent. Milking It has long held doubts about the council’s independence, given it is a proven gateway to plum board positions within the Fonterra network.
Off the back of a $605 million loss this review is a no-brainer. The watchdog has been caught napping on the job.
The country'a largest A&P Show - Canterbury - will be "back where it belongs" this year, running from the Wednesday through Friday of Christchurch's iconic Cup Week, after a two-year experiment of running Thursday to Saturday instead.
Wet autumn weather is posing challenges for aerial topdressing operators and farmers are being urged not to put pressure on pilots to fly in borderline conditions where safety could be at risk.
Now it's signed, make it work.
State farmer Pāmu says a programme it's running to help skilled operators into farm ownership is paying dividends.
Central Otago farmer Bevan McKnight no longer worries about leaving a few Angus cattle behind while mustering on the 13,000ha station he leases.
Livestock Improvement Corporation (LIC) and the Ag Emissions Centre have completed the latest phase of a mult-year methane research project, providing important insight into the role genetics may play in reducing gross emissions.
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