Chinese strategy
OPINION: Fonterra may have sold its dairy farms in China but the appetite for collaboration with the country remains strong.
Fonterra chairman Peter McBride claims an uncontested director election this year reflects the calibre of the two board members up for re-election.
Sitting Fonterra board members Brent Goldsack and Cathy Quinn are unopposed.
However, as this is an uncontested election, under Fonterra’s board election rules, both sitting directors must gain more than 50% support of votes cast to serve another three-year term.
When nominations for the non-assessment process closed last month, Goldsack and Quinn were the only two candidates. This is the first time in the co-op’s history that director elections have not been contested.
McBride told Rural News that while shareholders believe their co-op is well governed, it also reflects the skill sets of Goldsack and Quinn.
“No one else came through the nomination process; that shows the co-op is well governed and the calibre of the incumbents,” he says.
Fonterra Co-operative Council chair John Stevenson is also unopposed for another three-year term on the council.
Meanwhile, former Fonterra Co-operative Council chair Simon Couper is making a comeback to a governance role within the co-operative, 11 years after resigning as chair. Couper stepped down as council chair in 2012, unhappy with some aspects of the proposed Trading Among Farmers (TAF), which was later approved by farmer shareholders.
Voting Packs containing candidate profiles will be mailed to eligible shareholders from Monday. Shareholders can vote online or by post from Tuesday, October 17. Voting closes at 10.30am on Tuesday, 7 November 2023 with the results being announced later that day.
A governance group has been formed, following extensive sector consultation, to implement the recommendations from the Industry Working Group's (IWG) final report and is said to be forming a 'road map' for improving New Zealand's animal genetic gain system.
Free workshops focused on managing risk in sharefarming got underway last week.
Annual farmer gathering, the South Island Dairy Event (SIDE), is set to make history as it heads to Timaru for the first time.
Installing 400 solar panels at their Taranaki piggery and cropping operation will have significant environmental, financial and animal welfare benefits for the Stanley family.
WoolWorks, New Zealand’s largest wool-scouring company, has partnered with the Lions Club of Riverton to help raise money for much-needed repairs to the Southland town’s swimming pool.
OPINION: The dairy industry will be a major beneficiary of a new free trade deal between NZ and the Gulf Co-operation Council (GCC).
OPINION: Was the ASB Economic Weekly throwing shade on Reserve Bank governor Adrian Orr when reporting on his speech in…
OPINION: A reader recently had a shot at the various armchair critics that she judged to be more than a…