Scoop has an Ethical Paywall
Results of Shareholder Voting at Fonterra Annual Meeting
12 November 2014
Results of Shareholder Voting at
Fonterra Annual Meeting
Fonterra shareholders have voted to pass six of the seven resolutions at this year’s Annual Meeting.
Resolution seven, a special resolution put forward by a Fonterra shareholder, Mr Murray Beach, was not passed. The Board and Shareholders’ Council had earlier recommended that shareholders vote against this resolution.
The results of the resolutions are:
| RESOLUTION | RESULT
- % in favour |
| Resolution 1: Approval of remuneration of Directors | 88.52% |
| Resolution 2: Approval of remuneration of Shareholders’ Council | 86.45% |
| Resolution 3: Approval of remuneration of members of Directors’ Remuneration Committee | 90.12% |
| Resolution 4: Appointment of PricewaterhouseCoopers as auditor and authorisation of the Directors to fix the auditor’s remuneration | 96.72% |
| Resolution 5: Approval of Shareholders’ Council programme and budget | 88.74% |
| Resolution 6: Ratification of appointment of John Waller | 93.35% |
| Resolution 7: Mr Beach’s Proposal | 19.40% |
- ENDS -
Advertisement - scroll to continue reading
Advertisement - scroll to continue reading
Business Canterbury: Urges Council To Cut Costs, Not Ambition For City
Wellington Airport: On Track For Net Zero Emissions By 2028
Landcare Research: ANZAC Gall Fly Release Promises Natural Solution To Weed Threat
NZ Anti-Vivisection Society: Auckland Rat Lovers Unite!
University of Canterbury: $1.35 Million Grant To Study Lion-like Jumping Spiders
Federated Farmers: Government Ends War On Farming
