It’s a fair bet that of the three vacancies available, two current sitting directors Malcolm Bailey and Ian Farrally will be returned. This means the one seat up for grabs – held by former chair Sir Henry van der Heyden – is going to be won by either Michael Spaans, Donna Smit or Eric Ray, all of whom were rejected by voters last year.
A FRIEND of The Hound’s reckons farmer shareholders in Fonterra should – like this old mutt – be shaking their heads in disbelief at the seriously shallow talent pool in this year’s director elections.
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