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

"Our" business?

"Our" business?

OPINION: One particular bone the Hound has been gnawing on for years now is how the chattering classes want it both ways when it comes to the success of NZ's dairy industry.

Farmers' call

Farmers' call

OPINION: Fonterra's $4.22 billion consumer business sale to Lactalis is ruffling a few feathers outside the dairy industry.

Wasted energy

OPINION: Finance Minister Nicola Willis could have saved her staff and MBIE time and effort over ‘buttergate’ recently by not playing politics with butter prices in the first place.

Fonterra organic milk price hits record $13/kgMS

On track for a fifth consecutive year of organic milk price increases, Fonterra is seeking more suppliers to meet growing global demand.

Fonterra unveils first electric refrigerated truck

Fonterra has unveiled the first refrigerated electric truck to deliver dairy products across Auckland.

Popular Reads

Two milk processing plants changing hands

Two large milk processing plants in New Zealand are changing hands.

Waikato dairy farmers enter 2025 regional council elections

Two Waikato dairy farmers and Federated Farmers leaders have thrown their hats in the ring for this year's Waikato Regional…

Farmer anger over Joy's social media post

A comment by outspoken academic Dr Mike Joy suggesting that dairy industry leaders should be hanged for nitrate contamination of…

Fonterra consumer business sale price jumps to $4.22b

The sale price of Fonterra’s global consumer and associated businesses to the world’s largest dairy company Lactalis has risen to…

Open Country finalises acquisition of Miraka Limited

Open Country Dairy has finalised a deal to acquire 100% of Miraka.

Featured

Phoebe Scherer named 2025 Young Grower of the Year

Phoebe Scherer, a technical manager from the Bay of Plenty, has won the 2025 Young Grower of the Year national title.

Fencing excellence celebrated

The Fencing Contractors Association of New Zealand (FCANZ) celebrated the best of the best at the 2025 Fencing Industry Awards, providing the opportunity to honour both rising talent and industry stalwarts.

Boutique cheesemaker Cranky Goat in voluntary liquidation

Award-winning boutique cheese company, Cranky Goat Ltd has gone into voluntary liquidation.

National Pest Management Plan for TB seeks feedback

As an independent review of the National Pest Management Plan for TB finds the goal of complete eradication by 2055 is still valide, feedback is being sought on how to finish the job.

B+LNZ launches AI assistant for farmers

Beef + Lamb New Zealand has launched an AI-powered digital assistant to help farmers using the B+LNZ Knowledge Hub to create tailored answers and resources for their farming businesses.

Long shot research by forage breeder nails pasture success

A tiny organism from the arid mountains of mainland Greece is facilitating a new way of growing healthier animals on farms across New Zealand.

National

Pāmu launches equity partnership at Mahiwi Farm

State farmer Pāmu (Landcorp) has announced a new equity partnership in an effort to support pathways to farm ownership for livestock…

Rural contractors call for overhaul of ag vehicle rules

Following a recent overweight incursion that saw a Mid-Canterbury contractor cop a $12,150 fine, the rural contracting industry is calling…

NZ seeks certainty on US tariff, says McClay

Trade Minister Todd McClay says his officials plan to meet their US counterparts every month from now on to better…

Trial shows benefits of spring nitrogen use

A landmark New Zealand trial has confirmed what many farmers have long suspected - that strategic spring nitrogen use not…

Eric Roy: Championing the pork industry

It was recently announced that former MP and Southland farmer Eric Roy has stepped down of New Zealand Pork after…

Machinery & Products

Tech might take time

Agritech Unleashed – a one-day event held recently at Mystery Creek, near Hamilton – focused on technology as an ‘enabler’…

John Deere acquires GUSS Automation

John Deere has announced the full acquisition of GUSS Automation, LLC, a globally recognised leader in supervised high-value crop autonomy,…

Fencing excellence celebrated

The Fencing Contractors Association of New Zealand (FCANZ) celebrated the best of the best at the 2025 Fencing Industry Awards,…

Lemken sub-soiler helps mix soil, lift structure

Complementing its existing range of tillage implements, German manufacturer Lemken has introduced the new Onyx subsoiler said to offer working…

Golden Fendt tractor shines at US Capitol

ACGO showcased a one-of-a-kind golden Fendt tractor at the US Capitol in early August, commemorating the Great American Farmers Market,…

» Latest Print Issues Online

dairynewscover

ruralnewscover

winegrowercover

The Hound

A step too far

OPINION: For years, the ironically named Dr Mike Joy has used his position at Victoria University to wage an activist-style…

Save us from SAFE

OPINION: A mate of yours truly has had an absolute gutsful of the activist group SAFE.

» Connect with Rural News

RSS Facebook Twitter

» eNewsletter