The difficult times ahead will serve to forge tech companies and entrepreneurs with a longer-term outlook and more sound fundamentals.
If the proxy-voting record of the NZ Superannuation Fund is any guide – and it is – retail passive investors might find the ‘democratisation’ of corporate governance more tiresome than liberating.
Raising interest rates does nothing to the underlying causes of inflation from supply-chain disruption to Russia’s war on Ukraine.
From an outsider’s perspective, it seems all Fonterra’s management has to do is dangle the spectre of farmers losing control of the cooperative to get the farmers to agree to any proposal.