Bid to trim Fonterra board size spurs hot shareholder debate

Wed, 25 Nov 2015

By Fiona Rotherham Nov. 25 (BusinessDesk) - A proposal to slash the size of the Fonterra Cooperative Group board from 13 to nine came in for hot debate by shareholders at the cooperative’s annual meeting in Waitoa today. Former directors Colin Armer and Greg Gent put forward the suggestion for a smaller board in order to make a “fitter, leaner, more agile Fonterra”, saying the move would improve board efficiency and decision-making. The pair said boards with double-digit numbers were rare and having six elected board members and three app...

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