Nominations for Fonterra Shareholders’ Council, Directors’ Remuneration Committee And Fonterra Farmer Custodian Trust
Nominations opened today for the 2019 Fonterra Shareholders’ Council, Directors’ Remuneration Committee and Fonterra
Farmer Custodian Trust Elections. Nominations close and must be received by the Returning Officer by midday on Friday,
27 September 2019.
The Council consists of 25 Councillors, all Fonterra Farmers who are elected across 25 Wards around New Zealand. Acting
like a cornerstone shareholder, Council’s functions include the guardianship of the Co-operative Principles and being a
sounding-board for the Co-op’s Board on matters that impact on farming businesses; monitoring and reporting on the
performance of the Co-op against specified targets and its strategy; and representing the collective views of farmer
shareholders to the Board and ensuring an informed and connected farmer base.
This year elections are being held for Shareholder Councillors in 10 Wards.
Six Councillors have indicated that they will be retiring. Councillors in the other four wards have indicated their
intent to re-stand however Council is committed to encouraging contested elections in all Wards.
2 Central Northland Sue Rhynd
5 Hauraki Julie Pirie
8 South Waikato James Barron (restanding)
9 King Country Duncan Coull
11 Eastern Bay of Plenty Wilson James (restanding)
14 Coastal Taranaki Vaughn Brophy (restanding)
15 Southern Taranaki Ben Dickie
17 Hawke’s Bay Andrew Hardie (restanding)
20 North Canterbury Shaun Lissington
23 Otago Ad Bekkers
Directors’ Remuneration Committee
The Directors’ Remuneration Committee considers the remuneration for Directors and Councillors and makes recommendations
to Shareholders for their approval at the Annual Meeting. The Committee is independent of the Board, and is made up of
six Farmer Shareholders.
Gerard Wolvers resigned from the Committee earlier this year. Scott Montgomerie is retiring by rotation and has
indicated he will re-stand this year.
Fonterra Farmer Custodian Trust
The trustees of the Fonterra Farmer Custodian Trust (Trust) hold the Trust’s property (including Fonterra units and
shares in the Custodian) in accordance with the Trust Deed and ensure that the Custodian complies with the Trust Deed.
There are three trustees (a Councillor, a Director and an elected farmer Shareholder) and they also act as the directors
of the Custodian.
In accordance with the Trust Deed, current trustee Paul Todd is required to retire by rotation and is eligible for
Candidates must satisfy eligibility requirements in order to be elected, and further procedural requirements are
specified in the Election Rules.
Nomination Papers and Candidate Handbooks are available from the Returning Officer Warwick Lampp (ph 0800 666 034 / firstname.lastname@example.org