Fonterra board too often confusing governance with judgement

Mon, 11 Nov 2019

Departing Fonterra Cooperative Group director Simon Israel told shareholders in his farewell address that it might be time for them to consider beefing up the number of independents on the board.The Singapore-based director ended a six-year stint on the board, offering his impressions on how the dairy cooperative’s future stacked up.Fonterra chair John Monaghan came in for some stern criticism at last week’s annual meeting, given his tenure through the now-dumped drive to collect 30 billion litres of milk in five or six different pools worldwid...

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