Farmers are Fonterra’s biggest problem
The co-op’s debt-fuelled focus on milk production is just a scaled-up farming strategy.
The Financial Markets Authority’s inquiry into the auditing of Fonterra and, by implication, the reluctance of directors to write down assets is attacking the symptom, not the cause.
Shoeshine will get straight to the point: Fonterra’s core problem is that it has a board dominated by
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Farmers are Fonterra’s biggest problem
Shoeshine,
80802