TAF vote update: outside shareholders get a voice, but not a vote

Mon, 25 Jun 2012

By Jonathan Underhill June 25 (BusinessDesk) - Outside investors who get a share of Fonterra Cooperative Group’s profits by owning units in its proposed shareholders’ fund will have a voice in the running of New Zealand’s biggest company, but not a vote, chairman Henry van der Heyden has told farmer shareholders at today's historic special meeting. The rights and powers of outside investors in the fund was a key issue for speakers during meetings across the country today on Trading Among Farmers, the scheme that aims to remove redemption risk...

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