Wednesday, 25 November 2015 13:53

Motion to reduce Fonterra board gets majority support

Written by Pamela Tipa

font size decrease font size increase font size
Print
Email

A proposal to reduce Fonterra's board to nine has received over 50% support from shareholders.

While shareholders at the annual meeting in Waitoa are yet to cast their votes, 54.4% of votes received before 10am on Monday supported the motion.

Former Fonterra directors Colin Armer and Greg Gent spoke in favour of the motion at the meeting today. However, it will not reach the 75% threshold required to change the constitution.

Fonterra's board and the Shareholders Council are opposing the motion.

More to come

More like this

Ah Tatua, You've Done It Again!

Ah Tatua, You've Done It Again!

Waikato milk processor Tatua has again declared a record milk payout to farmer shareholders, leaving other processors in the dust.

Fonterra FY26 Results: $9.69 Milk Price, $3.4bn Profit

Fonterra FY26 Results: $9.69 Milk Price, $3.4bn Profit

Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.

Fonterra Names Four Independently Assessed Director Candidates

Fonterra Co-operative Group has confirmed the independently assessed candidates standing for election to its board in 2026.

Fonterra Lifts Milk Price to $9.50/kgMS for 2026/27

Fonterra has revised its Farmgate Milk Price forecast for the 2026/27 season, lifting the midpoint and narrowing the range on the back of improving global dairy commodity prices.

John Stevenson to Step Down as Fonterra Council Chair in November

Outgoing Fonterra Co-operative Council chair John Stevenson says that it has been a privilege to represent the co-op's farmer shareholders.

Popular Reads

Why This Canterbury Cropping Farm Converted to Dairy

Converting a longstanding cropping farm to dairy was the only way to ensure the land stayed in the family long…

Peters Targets Fonterra

OPINION: Get offside with New Zealand First leader Winston Peters at your own peril.

Fonterra Names Four Independently Assessed Director Candidates

Fonterra Co-operative Group has confirmed the independently assessed candidates standing for election to its board in 2026.

Inside the Southland Dairy Farm Where Robots and Pasture Work Together

In Dacre, near Invercargill in New Zealand’s South Island, Bruce Dinnington is running a dairy operation unlike any other.

Fonterra Lifts Milk Price to $9.50/kgMS for 2026/27

Fonterra has revised its Farmgate Milk Price forecast for the 2026/27 season, lifting the midpoint and narrowing the range on…

Featured

Taniwha Station: The Bull Beef Farm Famed for Daffodils

South of the central Hawke’s Bay town of Waipukurau is Taniwha Station – a highly successful 550ha bull beef farming operation.

Catch the Rain: B+LNZ Trials Boost Soil Infiltration

Beef + Lamb NZ funded research has shown that some simple changes to pasture management could help farmers make better use of rainfall and build resilience before dry conditions hit.

Editorial: No Small Challenge

OPINION: There could hardly be a more appropriate theme for a conference than the one chosen by the red meat sector - Navigating Volatility.

Northland Firm's CPD Is Used From NZ to Antarctica

When Northland leather worker Vernon Suckling started making horse saddles 50 years ago, quad bikes and side-by-side vehicles were unheard of.

Alliance to Pay Up to $20m to Farmer-Shareholders

Alliance Group has confirmed that eligible farmer-shareholders who supply and continue to back the business will receive up to $20 million later this year, following the strategic investment partnership with Dawn Meats.

Election 2026: What Parties Promise the Primary Sector

With a general election under five weeks away, Rural News is asking major political parties about their policies and positions on key issues facing the primary sector. We will run their responses to each question over the next four weeks. The ACT Party and the Greens didn't respond in time.

National

Red Meat Sector "In Great Heart", Says Nathan Guy

The red meat sector is in great heart.

FAR Eyes NZ Grain as Dairy Supplementary Feed

Dr Scott Champion, Foundation for Arable Research chief executive, says that everyone in the supply chain had a role to…

Patterson: Rural NZ Faces a "Massive" Infrastructure Deficit

The Minister for Rural Communities, Mark Patterson, says there's a massive infrastructure deficit in rural areas.

NZ Red Meat Exports Hit $867m in August, Up 23%

New Zealand's red meat and fifth-quarter exports reached $867 million in August, up 23% on the same month last year,…

Pāmu Braces for $30m Hit From Rising Farm Costs

State farmer Pāmu is bracing for a $30 million hit from soaring farm input costs this financial year.

Machinery & Products

Makita Launches GP001G 40VMax XGT Cordless Grease Gun

Power tool manufacturer Makita has released details of its new cordless GP001G 40vMax XGT grease gun, designed as a practical…

Fendt 832 Vario Sets DLG PowerMix Fuel Efficiency Record

Operating large tractors became more expensive back in March due to the ongoing Strait of Hormuz conflict, meaning contractors had…

Motueka Farm Machinery Sold as Sturgeons Retire After 44 Years

Close to the Abel Tasman and Kahurangi National Parks, Motueka is known for apples, pear and kiwifruit orchards, alongside specialised…

Can-Am Unveils 2027 SSV, ATV Range With New Defender HD10

Can-Am has introduced its 2027 range of side-by-side vehicles (SSV) and all-terrain vehicles (ATV), including the industry leading Defender, the…

NZ Technicians Honoured at 2026 John Deere Awards in Brisbane

Leading John Deere technicians and apprentices from New Zealand and Australians were recognised at the recent sixth annual JD Technician…

» Latest Print Issues Online

dairynewscover

ruralnewscover

winegrowercover

The Hound

'LinkedIn Greens'

OPINION: The same mainstream media muppets that brought you Jacindamania in 2017 have been flat out pimping for the Opportunities…

UK Warning

OPINION: Your old mate reckons the atrocious way farmers in the UK are treated by their lords and masters in…

» Connect with Rural News

RSS Facebook Twitter

» eNewsletter