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Fonterra needs 75% farmer-shareholder support for TAF go-ahead
By Pattrick Smellie (Fixes maximum fund size in 3rd graph) June 1 (BusinessDesk) - Fonterra will require a 75 percent majority from its 10,500 farmer-shareholders to move ahead with its proposal to create non-voting, tradeable units allowing arms-length investment in New Zealan...
Fonterra only needs bare majority to pass TAF: O'Connor
By Pattrick Smellie June 1 (BusinessDesk) - Fonterra can implement its contentious Trading Among Farmers scheme on a simple majority vote by farmer shareholders, even if they reject constitutional amendments requiring 75 percent support, says Labour Party agriculture spokesman D...
Fonterra wants ‘strong’ farmer mandate for amended TAF scheme
By Peter Kerr June 01 (BusinessDesk) - Fonterra Cooperative Group says it won’t go ahead with its contentious Trading Among Farmers scheme without a clear mandate from its farmer members. The cooperative’s chairman, Henry van der Heyden, said that while the TAF resolution could...
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