Former Fonterra director Ralph Norris spells out reasons for his departure

Former Fonterra director Ralph Norris spells out reasons for his departure
Fiona Rotherham
By Fiona Rotherham Nov. 26 (BusinessDesk) - Ralph Norris took the opportunity at Fonterra Cooperative Group's annual meeting to lay to rest any speculation about his reasons for resigning as a director. Norris stepped down yesterday from the 13-member board, telling shareholders it had “not been an easy decision”. He also stepped down from the board of the manager of the Fonterra Shareholders’ Fund. He said there had been some speculation as to why he was leaving, much of which was untrue. The reason was to cut back on his governance c...