Fonterra shareholder calls for halt to investment spending, proposes 25% pay cut for executives

Fonterra [NZX:FCG] is recommending shareholders vote against a proposal that the co-operative halt investment spending both here and overseas until farmers receive a minimum of $7 per kg of milk solids.

Murray Beach, a Fonterra shareholder from Havelock near Nelson, has put forward the proposal for consideration at the November 12 annual shareholders meeting in Palmerston North.

 

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