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Fonterra: Shareholders Vote In Favour of Board Resolutions
27 November 2013
Shareholders Vote In Favour of Board Resolutions at Fonterra Annual Meeting
Fonterra shareholders have voted overwhelming in favour of this year’s Board resolutions.
The results of the resolutions are:
| RESOLUTION | RESULT -
% in favour |
| Resolution 1: Approval of remuneration of Directors | 82.08% |
| Resolution 2: Approval of remuneration of Shareholders’ Council | 80.55% |
| Resolution 3: Approval of remuneration of members of Directors’ Remuneration Committee | 87.41% |
| Resolution 4: Appointment of PricewaterhouseCoopers as auditor and authorisation of the Directors to fix the auditor’s remuneration | 96.96% |
| Resolution 5: Approval of Shareholders’ Council programme and budget | 89.53% |
| Resolution 6: Ratification of appointment of David Jackson | 94.14% |
| Resolution 7: Ratification of appointment of Simon Israel | 95.17% |
About
Fonterra
Fonterra is a global leader in dairy
nutrition – the preferred supplier of dairy ingredients to many of the
world’s leading food companies. Fonterra is also a market
leader with our own consumer dairy brands in
Australia/New Zealand, Asia/Africa, Middle East and Latin
America.
The farmer-owned New Zealand co-operative is the largest processor of milk in the world, producing more than two million tonnes of dairy ingredients, value added dairy ingredients, specialty ingredients and consumer products every year. Drawing on generations of dairy expertise, Fonterra is one of the largest investors in dairy based research and innovation in the world. Our more than 16,000 staff work across the dairy spectrum from advising farmers on sustainable farming and milk production, to ensuring we live up to exacting quality standards and delivering every day on our customer promise in more than 100 markets around the world.
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