Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
MICHAEL SPAANS has been elected as the new director on the Fonterra Board of Directors.
Spaans, aged 50, lives in Hamilton and farms at Te Aroha. He was a Shareholders' Councillor from 2000 to 2008 and is currently a director of DairyNZ and several other dairy sector companies.
Shareholders voted to re-elect incumbent directors Malcolm Bailey and Ian Farrelly, says returning officer, Warwick Lampp, of electionz.com Ltd.
Shareholders Scott Montgomery and Gerard Wolvers were elected unopposed as members of the Directors' Remuneration Committee.
In the Shareholders' Council elections Rosss Wallis was elected in Ward 8 – Hamilton and Vaughn Brophy, Ward 21 – Coastal Taranaki.
Both are new Shareholders' Councillors.
In the 11 other Shareholders' Council wards where elections were due, nominees were elected unopposed. The councillors in those wards are:
Ward 3 - Northern Wairoa Penny Smart
Ward 6 - Hauraki Julie Pirie
Ward 9 - Morrinsville Malcolm Piggott
Ward 12 - Cambridge Kevin Monks
Ward 15 - South Waikato Ian Brown
Ward 18 - Otorohanga Duncan Coull
Ward 24 - Southern Taranaki David Werder
Ward 27 - Southern Manawatu Richard Syme
Ward 30 - Northern Central Canterbury Ange Ward
Ward 32 - Southern Canterbury John Gregan
Ward 33 - Otago Ad Bekkers and Ivan Lines
All successful candidates will take office at the close of the annual meeting on Wednesday, November 27, 2013.
Trade Minister Todd McClay says New Zealand has no intention of backing down in a trade dispute with Canada over dairy products.
There have been leadership changes at the Hamilton-based Dairy Goat Co-operative, which has been struggling financially in recent years.
Horticulture NZ chief executive Nadine Tunley will step down in August.
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Another 16 commercial beef farmers have been selected to take part in the Informing New Zealand Beef (INZB) programme designed to help drive the uptake of genetics in the industry.
Trade Minister Todd McClay says Kiwi exporters will be $100 million better off today as the NZ-EU Free Trade Agreement (FTA) comes into force.
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