Fonterra unit holders ‘have not had a fair suck of the sav’
OPINION: Outgoing Fonterra Shareholders’ Fund chair John Shewan reflects on his time in the top role; calls out ‘unacceptable’ fund returns.
John Shewan.
John ShewanTue, 15 Nov 2022
The Shareholders’ Fund was formed by Fonterra almost exactly 10 years ago this month as a solution to a major problem with the cooperative’s capital structure. That problem was a capital base at risk due to the obligation on Fonterra to redeem (ie, pay back) farmers for their shares when they
