Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Voting Results from Fonterra Annual Meeting

8 October 2004

Voting Results from Fonterra Annual Meeting

A proposal to move the election of Fonterra directors from April/May to bring them in line with the Annual Meeting received almost 96 percent support.

The move will include the vote as part of the Annual Meeting meaning farmer-elected directors will take office at the same time shareholders are asked to confirm the appointment of board-appointed directors.

The change in dates will also allow farmers to consider the information in the current Annual Report and Shareholders' Council Report in making their decisions for director elections.

A related proposal to change the timing of Councillors' elections received similar support.

Proposals put before the meeting, and the percentage of votes cast in their favour, are listed below.

Proposal %age in favour

To ratify the appointment of Graeme Hawkins as a director 96.7%
To ratify the appointment of Ian Rutledge Johnson as a director 96.1%
To approve the remuneration of elected directors 90.7%
To approve the remuneration of councillors 84.8%
To appoint Pricewaterhouse Coopers as auditor of the company 99.2%
Amend the constitution to change the timing of director elections 95.8%
Amend Shareholders Council by-laws to change the timing of councillor elections 95.6%
Approve the Shareholders Council programme and budget for 2005/2006 94.5%
Amend the constitution relating to the number of directors 98.2%
Amend Shareholders Council by-laws relating to the reduction of the minimum number of councillors 98.1%


© Scoop Media

Business Headlines | Sci-Tech Headlines


Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>


Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>


CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>


Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>


Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>