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Results of Shareholder Voting at Fonterra Annual Meeting
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:
| RESOLUTION | RESULT
- % in favour |
| Resolution 1: Approval of remuneration of Directors | 88.52% |
| Resolution 2: Approval of remuneration of Shareholders’ Council | 86.45% |
| Resolution 3: Approval of remuneration of members of Directors’ Remuneration Committee | 90.12% |
| Resolution 4: Appointment of PricewaterhouseCoopers as auditor and authorisation of the Directors to fix the auditor’s remuneration | 96.72% |
| Resolution 5: Approval of Shareholders’ Council programme and budget | 88.74% |
| Resolution 6: Ratification of appointment of John Waller | 93.35% |
| Resolution 7: Mr Beach’s Proposal | 19.40% |
- ENDS -
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