Fonterra shareholders and ex-directors Colin Armer, Greg Gent push for slimmed-down board

Fonterra shareholders and ex-directors Colin Armer, Greg Gent push for slimmed-down board
Paul McBeth
By Paul McBeth Oct. 13 (BusinessDesk) - Fonterra Cooperative Group shareholders and former directors Colin Armer and Greg Gent are calling for the world's biggest dairy exporter to trim its board in a resolution they want voted on at this year's annual meeting. The pair have put forward a notice of proposal to cut Fonterra's number of directors to nine from the current 13 in a bid to lift the cooperative's performance and improve its governance, they said in a statement. The proposal would need 50 percent of the Shareholders' Council to s...