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- Release Date: 17/12/12 16:09
- Summary: MEETING: FCG: Fonterra Annual Meeting Results
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FCG
17/12/2012 14:09
MEETING
REL: 1409 HRS Fonterra Co-operative Group Limited
MEETING: FCG: Fonterra Annual Meeting Results
Fonterra shareholders have voted overwhelming in favour of a resolution to
lock in protections around the size of the Fonterra Shareholders' Fund and
the integrity of the Farmgate Milk Price.
Resolution 8 was passed with 89.51% support at Fonterra's Annual Meeting in
Hamilton today.
The results of the resolutions are:
RESOLUTION RESULT -
% in favour
Resolution 1: Approval of remuneration of Directors 73.73%
Resolution 2: Approval of remuneration of Shareholders' Council 75.85%
Resolution 3: Approval of remuneration of members of Directors' Remuneration
Committee 80.21%
Resolution 4: Appointment of PricewaterhouseCoopers as auditor and
authorisation of the Directors to fix the auditor's remuneration 94.67%
Resolution 5: Approval of Shareholders' Council programme and budget 87.53%
Resolution 6: Ratification of appointment of Sir Ralph Norris 84.91%
Resolution 7: Ratification of appointment of Ralph Waters 88.37%
Resolution 8: Constitutional Changes for Trading Among Farmers 89.51%
SHAREHOLDER PROPOSAL RESULT -
% in favour
McKenzie Proposal 36.56%
Following the Annual Meeting, the Board formally confirmed Chair Elect John
Wilson as the Chairman of Fonterra.
End CA:00231212 For:FCG Type:MEETING Time:2012-12-17 14:09:52
