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

 


Nominations for the 2014 Fonterra Elections open today

MEDIA RELEASE

NOMINATIONS FOR FONTERRA ELECTIONS OPEN TODAY

15 August 2014

Nominations open today for the 2014 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, and 22 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 http://electionz.com/ by 12 noon on Friday, 5 September 2014.

Current Fonterra Directors John Monaghan and David MacLeod 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 following the retirement of Jim van der Poel.

Candidates for the Directors’ election will be announced by the Returning Officer on Tuesday, 23 September 2014, following the completion of the Candidate Assessment Panel (CAP) process.

For the Directors’ Remuneration Committee, Murray Holdaway and Philip Wilson are retiring by rotation and are eligible for re-election.

The Shareholders’ Council’s recently completed review of the Co-operative’s ward boundaries was undertaken to ensure all Fonterra Farmers have sufficient local representation.

The review has shown a significant increase in Fonterra farm numbers in the South Island and as result the Council approved three recommendations to improve the alignment of Councillors to Farmers throughout the country:

1. Number of wards to remain at 35 with one Councillor in each.
2. North Island representation reduced by three Councillors – one less in Northland, two less in the Waikato.
3. South Island representation increased by three Councillors – two extra in Canterbury and one extra in Southland.

Due to these boundary changes, this year there will be elections for 19 new Wards (which come into existence after the 2014 elections). Shareholders affected by boundary changes will have the opportunity to vote for their preferred representative for their new Ward.

In addition, there will be elections due to retirement by rotation for Wards 19 Central Taranaki, 22 Northern Manawatu and 25 Wairarapa (as these Wards have undergone a number change only, there is no requirement for an election due to a boundary change).

2014 Shareholders’ Council Elections:

Ward 1: Northern Northland
Ward 2 Central Northland
Ward 3 Southern Northland
Ward 5 Hauraki/Coromandel
Ward 7 Piako
Ward 8 Matamata
Ward 9 Western Bay of Plenty
Ward 13 Rotorua
Ward 14 Eastern Bay of Plenty
Ward 15 Taupo
Ward 19 Central Taranaki
Ward 22 Northern Manawatu
Ward 25 Wairarapa
Ward 27 North Canterbury
Ward 28 Rakaia
Ward 29 Ashburton
Ward 30 South Canterbury
Ward 31 Waitaki
Ward 32 Otago
Ward 33 Northern Southland
Ward 34 Southern Southland
Ward 35 Western Southland

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

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Trade Agreements: TPP Minus US Starting To Gain Ground

The Japanese government is picking up the pace on reviving the Trans-Pacific Partnership trade and investment deal, with talks scheduled next month among the 11 countries left in the pact after the withdrawal by the US after the election of president Donald Trump. More>>

ALSO:

PACER:

Prices Up 2.2%: Annual Inflation Highest In Over Five Years

"Rising petrol prices along with the annual rise in cigarette and tobacco tax lifted inflation," prices senior manager Jason Attewell said. "Petrol prices in New Zealand are closely linked to global oil prices, and cigarettes and tobacco taxes rise in the March quarter each year". More>>

ALSO:

Undertaxed? NZ Income Tax Rate Second Lowest Among Developed Nations

New Zealand workers pay the second smallest portion of their income to the government among developed nations and less than half the average ratio of their Organisation for Economic Cooperation and Development peers. More>>

ALSO:

Cyclone Cook: Round Up Of This Week’s Weather

One of the significant impacts this week was flooding due to excessive rainfall amounts. Rainfall amounts topped out at 350mm over the past 60 hours in parts of northwest Nelson, with 200mm+ measurements recorded about Coromandel Peninsula, and between 150-200mm in the Kaimai Ranges. Rainfall amounts of between 30-50mm were commonplace elsewhere. More>>

ALSO:

Earlier: Batten Down The Hatches For Cyclone Cook

Although fast-moving, Cyclone Cook will be destructive and MetService Expert Meteorologists have issued Severe Wind Warnings for the whole of the North Island apart from Northland... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news