Fonterra governance review raises questions of foreign farmer shareholders, director skills

Sun, 31 Jan 2016

By Jonathan Underhill Feb. 1 (BusinessDesk) - Fonterra Cooperative Group has kicked off a review of governance by posing the question of whether a board stacked with farmers has the right skills to drive a global business and whether milk suppliers in other countries should be able to hold shares. New Zealand's biggest exporter released a 13-page conversation starter ahead of farmer meetings this month, with the aim of having any changes to its structure put before shareholders for a vote in May. The review follows calls last year by s...

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