Chairman Urges Fonterra Farmers to Participate

Tuesday, 29 November 2016

SHAREHOLDERS’ COUNCIL CHAIRMAN URGES FONTERRA FARMERS TO PARTICIPATE, MAKE INFORMED DECISION IN ELECTIONS

Fonterra Shareholders’ Council Chairman, Duncan Coull, is urging the Co-operative’s Farmer Shareholders to get behind the new Elections process and with voting closing at 10:30am on Tuesday, 6 December he is putting the onus on them to elect to the Board the Director candidates who have the skills to drive the Co-op forward.

Mr Coull: “Fonterra needs world-class, experienced Directors if we are to continue to succeed in an increasingly competitive global marketplace and I encourage Shareholders to elect to their Board the candidates with the governance skills and attributes our Co-op needs.

“Making an informed decision as to which candidates have these skills and attributes, and the ability to contribute meaningfully at a Fonterra Board level is absolutely key to this.

“There is some very good information in the Voting Packs, which Shareholders have received, and on Farm Source including videos of the candidates answering key governance questions and I encourage Shareholders to give this their very close attention.”

Mr Coull said Fonterra Farmers were incredibly passionate about ensuring 100% supplying Shareholder ownership and control of their Co-op.

“As always, the final decision as to a candidates suitability sits with Farmer Shareholders and as such it’s important that they take the responsibility to focus on the objectives of this process which is to have the best people governing our Co-op.”

ENDS

Directors’ Elections and Shareholders’ Council Elections

Two seats on the Fonterra Board are being contested by three candidates: Stuart Nattrass, Donna Smit, and Michael Spaans.

Shareholders’ Council Elections:

Voting information

Voting for the Directors’ Elections and Shareholders’ Council Elections in six Wards closes at 10.30am on Tuesday, 6 December 2016 with the results announced later that day.

Voting is also open for the Annual Meeting resolutions. Shareholders are being asked to vote on eight ordinary business resolutions.

Shareholders can vote online, and via post or fax in respect of both the Fonterra Elections and Annual Meeting resolutions until 10.30am on Tuesday, 6 December 2016.

Shareholders can also vote in person or via proxy for the Annual Meeting resolutions only, at the Annual Meeting being held on Thursday, 8 December 2016 at the Fonterra Darfield site in Canterbury.

© Scoop Media