CORRECT: Fonterra governance review would cut board members by two

Thu, 14 Apr 2016

(Fixes paragraphs 8 and 11 to show two separate, independent panels would be created under the proposed changes) By Fiona Rotherham April 14 (BusinessDesk) - Fonterra Cooperative Group is proposing cutting its board numbers by two to 11 and having a single process for electing farmer appointed and independent directors as part of the first governance overhaul since it was established 15 years ago. A booklet on the first draft proposal from the long-awaited review of the farmer-owned dairy cooperative is being sent out to farmers today...

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