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

Fonterra Whareroa sets cheese record, wins top award

Fonterra Whareroa wrapped up a successful season with a record-breaking cheese production volume and several gongs at the co-op's annual Best Site Cup awards.

Fonterra R&D: Innovation needs more than just PhDs

Common sense and good human judgement are still a key requirement for the super highly qualified staff working at one of New Zealand's largest and most important research facilities - Fonterra's R&D Centre at Palmerston North.

Matt Bolger returns to Fonterra to lead co-operative affairs division

Fonterra's co-op model and what it does for New Zealand has lured one of its bright stars back on board.

Misguided campaign

OPINION: Last week, Greenpeace lit up Fonterra's Auckland headquarters with 'messages from the common people' - that the sector is polluting the environment.

Fonterra research targets dairy products to support elderly health and wellbeing

Research lending to the production of dairy products that benefit the elderly and improves the overall wellbeing of all people is a key focus of Fonterra's Research and Development centre, based in Palmerston North.

Featured

Horticulture exports hit $8.4B, surge toward $10B by 2029

A brilliant result and great news for growers and regional economies. That's how horticulture sector leaders are describing the news that sector exports for the year ended June 30 will reach $8.4 billion - an increase of 19% on last year and is forecast to hit close to $10 billion in 2029.

Funding gaps threaten NZ predator-free efforts

Funding is proving crucial for predator control despite a broken model reliant on the goodwill of volunteers.

NZ nears Mycoplasma bovis eradication milestone

A major milestone on New Zealand's unique journey to eradicate Mycoplasma bovis could come before the end of this year.

McClay urges patience on KiwiSaver for first-time farmers

We're working through it, and we'll get to it.

Paris Agreement debate splits NZ farm sector

The debate around New Zealand's future in the Paris Agreement is heating up.

Phoebe Scherer wins Bay of Plenty Young Grower 2025 title

A technical lab manager for Apata, Phoebe Scherer, has won the Bay of Plenty 2025 Young Grower regional title.

National

New Federated Farmers meat and wool chair praises predecessor

Newly elected Federated Farmers meat and wool group chair Richard Dawkins says he will continue the great work done his…

Farmstrong marks 10 years of rural support

Nationwide rural wellbeing programme, Farmstrong recently celebrated its tenth birthday at Fieldays with an event attended by ambassador Sam Whitelock,…

Feds meat and wool chair voted off

In a surprise move, Federated Farmers meat and wool group has dumped its chair Toby Williams.

Farmer and ex-MP honoured for service to rural communities

Former MP and Southland farmer Eric Roy has received the Outstanding Contribution to New Zealand’s Primary Industries Award.

Feds report membership boost

Farmer lobby Federated Farmers is reporting a growth in membership, for the first time in decades.

Machinery & Products

NZ tractor market ramps up as European sales decline in 2024

With agriculture in New Zealand coming out of the doldrums over the last few months and the recent announcement of…

Vogelsang BlackBird 15m applicator earns DLG 'approved' quality mark for slurry precision

The long-standing DLG test organisation has awarded it’s “approved” quality mark to the Vogelsang 15-m BlackBird trailing shoe applicator.

Kverneland and AgXeed set world record for autonomous ploughing with AgBot in UK

While ploughing appears to become less fashionable than minimal tillage, it remains an important process in many areas.

Calf feeding boost

Advantage Plastics says it is revolutionising calf meal storage and handling, making farm life easier, safer, and more efficient this…

JD's precision essentials

Farmers across New Zealand are renowned for their productivity and efficiency, always wanting to do more with less, while getting…

» Latest Print Issues Online

Visit archives

» Connect with Rural News

RSS Facebook Twitter