Results of shareholder voting at Fonterra annual meeting
Results of shareholder voting at Fonterra 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%
|