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

 


Nominations for Fonterra Elections Open Today


Monday, 26 August 2013 For Immediate Release

NOMINATIONS FOR FONTERRA ELECTIONS OPEN TODAY

Nominations opened today for the 2013 Fonterra Elections.

This year elections are being held for three shareholder-elected Directors for Fonterra’s Board of Directors, two members of the Directors’ Remuneration Committee, one Trustee of the Fonterra Farmer Custodian Trust, and 14 members of the Shareholders’ Council.

Candidates must satisfy shareholding requirements in order to be elected, and further procedural requirements are specified in the Election Rules. These include a requirement for Candidates to be nominated and seconded by Fonterra shareholders.

Nomination Papers and Candidate Handbooks are now available by phoning the Election Hotline on freephone 0508 666 446 or emailing elections@electionz.com. Nominations must be received by the Returning Officer, Warwick Lampp of electionz.com, by 12 noon on Friday, 13 September 2013.

Current Fonterra Directors Malcolm Bailey and Ian Farrelly retire by rotation in accordance with the Constitution, and are eligible for re-election. There is also one vacancy on the Board to be filled.

Candidates for the Directors’ election will be announced by the Returning Officer on Tuesday, 1 October 2012, following the completion of the Candidate Assessment Panel (CAP) process.

For the Directors’ Remuneration Committee, Scott Montgomery and Gerard Wolvers are retiring by rotation and are eligible for re-election.

In accordance with the Fonterra Farmer Custodian Trust Deed, Trustee Paul Todd will retire and is eligible for re-election.

In accordance with the By-laws of the Shareholders’ Council there are Elections in 11 Wards where Councillors are retiring by rotation; Wards 3, 6, 9, 12, 15, 18, 21, 24, 27, 30 and 33. There is also an election in Ward 8 Hamilton due to a casual vacancy.

Also, to ensure a more accurate representation of Shareholders (based on the number of farms and Milk Solids produced) an extra Shareholders’ Councillor will be added to Wards 31, 32 and 33.

These terms will be for one year by which time a complete ward boundary review will have taken place and appropriate amendments to existing ward implemented in time for the 2014 election cycle.

Ward 3 Northern Wairoa | Ward 6 Hauraki
Ward 8 Hamilton | Ward 9 Morrinsville
Ward 12 Cambridge | Ward 15 South Waikato
Ward 18 Otorohanga | Ward 21 Coastal Taranaki
Ward 24 Southern Taranaki | Ward 27 Southern Manawatu
Ward 30 Northern/Central Canterbury | Ward 31 Mid Canterbury
Ward 32 Southern Canterbury | Ward 33 Otago

The Single Transferable Vote (STV) system will be used for all election voting by internet, fax and post.

Warwick Lampp
Returning Officer – 2013 Fonterra Elections
Email: elections@electionz.com
Mobile: 021 498 517
Election Hotline: Free Phone 0508 666 446

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Crown Accounts: NZ Government Deficit Smaller Than Expected In First Half

The New Zealand government's operating deficit was smaller than expected in the first six months of the financial year, as the consumption and corporate tax take rose ahead of forecast in December, having lagged estimates in previous months. More>>

ALSO:

Fruit & Veg Crackdown: Auckland Fruit Fly Find Under Investigation

The Ministry for Primary Industries (MPI) is investigating a find of a single male Queensland fruit fly in a surveillance trap in the Auckland suburb of Grey Lynn... MPI has placed legal controls on the movement of fruit and some vegetables outside of a defined circular area which extends 1.5km from where the fly was trapped in Grey Lynn. More>>

ALSO:

Scoop Business: Westpac NZ Reaches $2.97M Swaps Settlement

Westpac Banking Corp’s New Zealand unit has agreed to pay $2.97 million in a settlement with the Commerce Commission over the way the bank sold interest rate swaps to farmers between 2005 and 2012. More>>

ALSO:

Going Dutch: Fonterra Kicks Off $144M Partnership With Dutch Cheese Maker

Fonterra Co-operative Group, the world’s largest dairy exporter, has commissioned a new dairy ingredients plant in Heerenveen, in the north of the Netherlands, its first wholly-owned and operated ingredients plant in Europe. More>>

ALSO:

Scoop Business: NZ Retail Sales Beat Estimates

New Zealand retail sales rose more than expected in the fourth quarter, led by vehicle-related transactions, food and beverages, adding to evidence that cheap credit and a growing jobs market are encouraging consumers to spend. More>>

ALSO:

Delivery Cuts Go Ahead: 'Government Money Grab' From NZ Post

"It's a money grab by the Government as the shareholder of New Zealand Post" says Postal Workers Union advocate Graeme Clarke about the changes announced by NZ Post. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news