Fonterra re-jigs governance review allowing direct farmer nominations

Thu, 22 Sep 2016

By Fiona Rotherham Sept. 22 (BusinessDesk) - Fonterra Cooperative Group has put out a re-jigged governance and representation model to its farmer shareholders, with the key change being farmers can directly nominate their own choice for selection to the board. Earlier this year a proposed change failed to get the required 75 percent majority vote needed. The reform would have been the first in 15 years for the dairy cooperative’s governance model, though just under 64 percent voted for a long-awaited review. The new version still propo...

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