Fonterra chair sure he’ll get revamped proposal over line

Peter McBride says you can't over-consult or over-engage. (Image: Supplied)

Mon, 27 Sep 2021

Fonterra chair Peter McBride says its revamped capital structure proposal provides greater flexibility and he’s confident he can get it over the line in time for a vote in December. “We think that what we have announced takes us a long way in the right direction,” McBride told BusinessDesk. He said the consultation process was positive and this is an “ongoing, iterative process. You can’t over-engage or over-consult”.The board kicked off the process in May, saying a new capital structure was needed...

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