12 November 2014
Results of Shareholder Voting at Fonterra Annual Meeting
Fonterra shareholders have voted to pass six of the seven resolutions at this year’s Annual Meeting.
Resolution seven, a special resolution put forward by a Fonterra shareholder, Mr Murray Beach, was not passed. The Board
and Shareholders’ Council had earlier recommended that shareholders vote against this resolution.
The results of the resolutions are:
RESOLUTIONRESULT -
% in favourResolution 1: Approval of remuneration of Directors88.52%Resolution 2: Approval of remuneration of Shareholders’ Council86.45%Resolution 3: Approval of remuneration of members of Directors’ Remuneration Committee90.12%Resolution 4: Appointment of PricewaterhouseCoopers as auditor and authorisation of the Directors to fix the auditor’s
remuneration96.72%Resolution 5: Approval of Shareholders’ Council programme and budget88.74%Resolution 6: Ratification of appointment of John Waller93.35%Resolution 7: Mr Beach’s Proposal19.40%
- ENDS -