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Nominations for Fonterra Shareholders’ Council

Nominations for Fonterra Shareholders’ Council And Directors’ Remuneration Committee Open Today

Nominations opened today for the 2018 Fonterra Shareholders’ Council and Directors’ Remuneration Committee Elections. Nominations close at midday on Thursday, 20 September 2018.

This year elections are being held for Shareholder Councillors in the following 10 wards:
Ward 1 Northern Northland Ward 4 Waikato West
Ward 7 Waipa Ward 10 Northern Bay of Plenty
Ward 13 Central Taranaki Ward 16 Central Districts West
Ward 19 Tasman/Marlborough Ward 21 Central Canterbury
Ward 22 South Canterbury Ward 25 Western Southland

This year the following three Councillors have indicated that they will be retiring: Kevin Monks (Ward 7 Waipa), Jessie Chan-Dorman (Ward 21 Central Canterbury), and Ivan Lines (Ward 25 Western Southland). Councillors in the other seven wards have indicated their intent to re-stand however Council is committed to encouraging contested elections in all wards.

The Council consists of 25 Councillors, all Fonterra Farmers who are elected across 25 wards throughout New Zealand. Acting like a cornerstone shareholder, Council’s functions include the guardianship of the Co-operative Principles and being a sounding-board for the Co-op’s Board on matters that impact on farming businesses; monitoring and reporting on the performance of the Co-op against specified targets and its strategy; and representing the collective views of farmer shareholders to the Board and ensuring we have an informed and connected farmer base.

For the Directors’ Remuneration Committee, David Gasquoine and Stephen Silcock are retiring by rotation. Both are eligible for re-election and they have both indicated they will be re-stand this year.

Candidates must satisfy eligibility requirements in order to be elected, and further procedural requirements are specified in the Election Rules.

Nomination Papers and Candidate Handbooks will be available by phoning the Election Helpline on free phone 0800 666 034 or emailing iro@electionz.com.

Nominations must be received by the Returning Officer, Warwick Lampp of electionz.com, by 12 noon on Thursday, 20 September 2018.

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