Keep up with
Newstalk ZB

Sat, 25 May 2013, 08:11

Have Your Say

Talkback 0800 80 10 80
Overseas +64 9 307 1080
Text 9292

Follow Us

  • Facebook
  • Twitter
  • YouTube
  • RSS
  • Sign Up

Site Search

Search Search

Select your region:

Fonterra wants shareholders' votes

Share |

Fonterra wants shareholders' votes

By: Blair Cunningham | New Zealand News | Monday April 23 2012 17:20

 

Fonterra wants to give its shareholders one final vote on its Trading Among Farmers proposal.

The plan would see farmers able to sell units in the cooperative to private investors eager to take a slice of Fonterra.

Fonterra's chairman Sir Henry van der Heyden says there's a small group of concerned shareholders and the debate is now spilling into the media, affecting the cooperative's image.

He's called a special shareholder meeting for June 25.

"Bring the cooperative together which we call unifying the cooperative and this is very much the cooperative way, so the only way to do that is to allow farmers to have a final say and to actually vote on trading amongst farmers."

Sir Henry says there's a minority of shareholders who are against the plan.

"We've still got it a majority of farmers telling us to get on with it, but there is, we're saying a smaller group or a minority, that have concerns, so we need to all get back on the same page."

He says those with concerns are using the media to debate the issues and that's not good for Fonterra's image.

Sir Henry wants to be able to implement Trading Among Farmers in November.

Photo: Sir Henry van der Heyden (Getty Images)

 

Related Subjects

farming |

 

New Zealand News

Advertisement
Mike Hosking Breakfast
Advertisement
  • Saudi Arabia sends SARS-like samples to US

  • One dead after West Coast shed fire

  • Murdered soldier's family speak of loss

  • Rugby: Hansen calls Ali Williams' decision courage ...

  • Stranger-danger reminder from police

  • Attempted sexual assault after teen answers door

  • Skipper injured as ferry collides with water taxi

  • Pub brawl puts man in hospital

  • London attack: Lee Rigby's fam ...

  • Political Week in Review: 24 M ...

  • Paul Gibson: failings in disab ...

  • Nick Paterson: the alleged mor ...

  • Friday-Bashing Banks

  • Wednesday-Twister

  • Tuesday-Things People Do Not W ...

  • Friday-Budget Passion

National Convention Centre

Do you support the Government's deal with SkyCity over the National Convention Centre

Vote Now

View Results