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

Lactalis in front to acquire Fonterra’s Australian dairy assets after ACCC clearance

The world's largest dairy company may be in pole position to acquire Fonterra's Australian assets.

Fonterra launches $1500 on-farm funding for eligible farmers

Over 85% of Fonterra farmer suppliers will be eligible for customer funding up to $1,500 for solutions designed to drive on-farm efficiency gains and reduce emissions intensity.

Data sharing initiative wins national award for saving farmers time

The work Fonterra has done with Ballance Agri-Nutrients Ltd, LIC and Ravensdown to save farmers time through better data connections has been recognised with a national award.

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.

Featured

NZ's best bacon and ham crowned

Two butcheries have claimed victory at the 100% New Zealand Bacon & Ham Awards for 2025.

$52,500 fine for effluent mismanagement

A Taupiri farming company has been convicted and fined $52,500 in the Hamilton District Court for the unlawful discharge of dairy effluent into the environment.

New Zealand shows climate gains, but urgent action needed

The Climate Change Commission’s 2025 emissions reduction monitoring report reveals steady progress on the reduction of New Zealand’s climate pollution.

M. bovis compensation service closes after supporting 1300+ NZ farmers

Another milestone has been reached in the fight against Mycoplasma bovis with the compensation assistance service being wound up after helping more than 1300 farmers.

State farmer forecasts record results

The Government’s directive for state farmer Landcorp Farming (trading as Pamu) to lifts its performance is yielding results.

Ospri brings Bovine TB testing in-house

The move to bring bovine TB testing in-house at Ospri officially started this month, as a team of 37 skilled and experienced technicians begin work with the disease eradication agency.

National

Greenpeace should lose charitable status - Feds

Federated Farmers is arguing for controversial environmentalist group Greenpeace to be stripped of its charitable status.

Trust Chinese investors - banker

A Chinese business leader says Chinese investors are unfairly viewed as potential security risks in New Zealand.

Police urge rural property owners to improve security and prevent theft

New Zealand Police is urging rural property owners to remain vigilant and ensure their property is secure.

New Zealand and Malaysia to expand trade in premium halal meat products

New Zealand and Malaysia have agreed to boost trade for high-quality halal meat products.

Forestry company fined $112,500 for evironmental breaches near Waihi

Convictions and fines totalling $112,500 have been imposed on a logging company for repeated environmental damage on a farm near…

Machinery & Products

Case IH launches G500V VariCut grain headers for enhanced combine performance

Case IH has announced new G500V VariCut variable knife grain headers for its Axial-Flow combine harvesters with features aimed at…

Electric Cherries: NZ’s first all-electric orchard leading the way in sustainable horticulture

In the first of two articles focusing on electrification in New Zealand, Leo Argent talks with Mike Casey, operator of the 100%…

FAR combine harvester workshops win technology innovation award

A Foundation for Arable Research initiative which took a closer look at the efficiency of a key piece of machinery…

Hawke’s Bay farmer uses Auto Weigher to boost cattle performance and efficiency

Hawke's Bay farmer Matthew Barham manages up to 2000 cattle across his 1020-hectare operation, typically a mix of Charolais, Angus…

AGCO and TAFE resolve long-running dispute over Massey Ferguson brand rights

The drawn out separation of global giant AGCO and its Indian partner TAFE seems to be ending.

» Latest Print Issues Online

Visit archives

» Connect with Rural News

RSS Facebook Twitter