Board size and pay rises centrestage at Fonterra AGM

Fonterra's shareholders have a lot to chew over at this week's annual meeting. (Image: Getty)

Wed, 08 Nov 2023

Fonterra chair Peter McBride and his offsider Miles Hurrell will attempt to tame the bucking dairy giant's farmers as it holds its annual meeting in the small mid-Canterbury town of Methven this week.They bring a packed agenda to the heart of dairy farming country, with board and shareholder resolutions as well as the expected announcement of Fonterra's Scope 3 carbon emissions target. The meeting comes amid a backdrop of increased pressure on farms, with a low milk price, high costs and questions about the abrupt departure of its...

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