Monday, 17 December 2012 14:33

Fonterra vote results

Written by Pamela Tipa

font size decrease font size increase font size
Print
Email

Fonterra shareholders have voted overwhelming in favour of a resolution to lock in protections around the size of the Fonterra Shareholders' Fund and the integrity of the Farmgate Milk Price.

Resolution 8 was passed with 89.51% support at Fonterra's Annual Meeting in Hamilton today.

The results of the resolutions are:

RESOLUTION RESULT -
% in favour
Resolution 1: Approval of remuneration of Directors 73.73%
Resolution 2: Approval of remuneration of Shareholders' Council 75.85%
Resolution 3: Approval of remuneration of members of Directors' Remuneration Committee 80.21%
Resolution 4: Appointment of PricewaterhouseCoopers as auditor and authorisation of the Directors to fix the auditor's remuneration 94.67%
Resolution 5: Approval of Shareholders' Council programme and budget 87.53%
Resolution 6: Ratification of appointment of Sir Ralph Norris 84.91%
Resolution 7: Ratification of appointment of Ralph Waters 88.37%
Resolution 8: Constitutional Changes for Trading Among Farmers 89.51%

SHAREHOLDER PROPOSAL RESULT -
% in favour
McKenzie Proposal 36.56%

Following the annual meeting, the board formally confirmed chair Elect John Wilson as the chairman of Fonterra.

Featured

Restrictions on fruits, vegetables movement in Mt Roskill

Legal controls on the movement of fruits and vegetables are now in place in Auckland’s Mt Roskill suburb, says Biosecurity New Zealand Commissioner North Mike Inglis.

Free herbicide resistance testing

Arable growers worried that some weeds in their crops may have developed herbicide resistance can now get the suspected plants tested for free.

Fruit fly discovery puts growers, exporters on edge

Fruit growers and exporters are worried following the discovery of a male Queensland fruit fly in Auckland this week.

Global dairy prices snap a five-month negative run

Dairy prices have jumped in the overnight Global Dairy Trade (GDT) auction, breaking a five-month negative streak.

Alliance Group chief executive steps down

Alliance Group chief executive Willie Wiese is leaving the company after three years in the role.

New field book helps identify common pests, diseases

A booklet produced in 2025 by the Rotoiti 15 trust, Department of Conservation and Scion – now part of the Bioeconomy Science Institute – aims to help people identify insect pests and diseases.

National

Waitoa launches QR-enabled campaign to trace free range chicken

Poultry producer Waitoa is launching a new campaign, complete with on-pack QR codes, giving Kiwis the ability to trace their…

Rural health programme inspires new optometry graduate

Grace Su, a recent optometry graduate from the University of Auckland, is moving to Tauranga to start work in a…

Waikato dairy effluent breaches lead to $108,000 in fines

Two farmers and two farming companies were recently convicted and fined a total of $108,000 for environmental offending.

Geopolitical shifts drive fertiliser market volatility – Ravensdown

According to Ravensdown's most recent Market Outlook report, a combination of geopolitical movements and volatile market responses are impacting the…

Environment Canterbury promotes on-farm composting as a practical alternative to offal pits

Environment Canterbury, alongside industry partners and a group of farmers, is encouraging farmers to consider composting as an environmentally friendly…