Why Fonterra is going to screw fund investors

Why Fonterra is going to screw fund investors
Fonterra fears falling milk supply and declining market share. (Source: Unsplash)
Jenny Ruth
The Financial Markets Authority (FMA), the Takeovers Code and NZX's now-separated regulatory arm NZ RegCo all evolved to address serious deficiencies in our capital markets.It's why we have a Financial Markets Conduct Act and why NZ RegCo puts such a heavy emphasis on continuous disclosure.Their evolution means the cowboy days of New Zealand's financial markets are largely over.But not quite.What Fonterra is doing to the Fonterra Shareholders' Fund is every bit as bad as some of the historical excesses, such as the way the Lion...

More Opinion

The big banks risk being disrupted by Big Tech
Opinion

Peter Griffin: The big banks risk being disrupted by Big Tech

If we let innovation continue, even vastly profitable banks face an uncertain future.

Peter Griffin 28 Mar 2024
BNZ KiwiSaver manager do-over heralds FirstCape arrival
Opinion

David Chaplin: BNZ KiwiSaver manager do-over heralds FirstCape arrival

Unlike banks, broker-founded advisory firms haven’t done much with KiwiSaver; no need.

David Chaplin 27 Mar 2024