Fonterra board nominations open to farmers

Farmers interested in joining the board of Fonterra can now put themselves forward, as part of the election of the 2018 Board of Directors.

The company's self-nomination process, where farmers can stand as a candidate for the board with the support of 35 different shareholders, opened on Monday.

It follows the announcement of Peter McBride, Jamie Tuuta and Ashley Waugh as the Independent Nomination Process candidates.

The three candidates were nominated by the Fonterra board after being recommended by an independent selection panel. 

The directors' election process includes two nomination options, the independent nomination process and the self-nomination process.

The three-member panel is comprised of Dame Alison Paterson (independent panel chair); John Spencer, CNZM (board appointee); and Anthony Carter (shareholders' council appointee).

Returning Officer for the Fonterra Elections Warwick Lampp said the panel played a critical role in Fonterra's farmer directors' election process. He said they provided the co-operative's board and shareholders' council with independent opinion and assessment of farmer director candidates who go through the independent nomination process.

Key Dates:

  • Nominations close on Thursday, 20 September 2018 and the full list of candidates will be announced on Monday 24 September 2018.
  • Voting packs, containing candidate profiles, will be mailed to eligible shareholders on Monday, 15 October 2018.
  • Voting closes at 10.30am on Tuesday, 6 November 2018 with the results being announced later that day.

Newshub.