Fonterra board to set up separate risk committee after food scare review

Tue, 29 Oct 2013

By Paul McBeth Oct. 29 (BusinessDesk) - The board of Fonterra Cooperative Group will establish a separate committee to oversee risks facing the dairy group in the wake of the false alarm food scare that prompted a precautionary recall in August. The company’s board will carve out the risk elements from its audit, finance and risk committee into its own separate committee, which chairman John Wilson said will cover “food safety, food quality and other risks Fonterra in today’s environment faces.” The measure was one of a raft of recommenda...

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