Wednesday, 16 December 2015 15:51

Yap, yap

Written by Rural News Group

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A mate of the Hound reckons Fonterra's Shareholder Council has proven it's nothing more than a lapdog of the Fonterra board rather than a watchdog for the co-op's farmer shareholders.

He suggests the council's directive to farmers not to vote for the Gent/Armer resolution at the recent annual meeting has removed any doubt about its poodle status. Your canine crusader notes that the council has been accused of being a lapdog since Fonterra's formation and it's pretty hard to argue against the claim when something like three of its former chairmen have gone on to become Fonterra directors – including the current chairman 'Little' Johnny Wilson.

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