Posts Tagged ‘Lachlan McKenzie’

Trading Among Farmers reality at last

November 5, 2012

The day when outside investors can apply for units in the Fonterra Shareholders Fund to be listed on the NZX and ASX has arrived at last. Getting to this point has been a long and tortuous process during which Fonterra has consulted its members, finally gaining the required majority vote in favour of establishing Trading Among Farmers (TAF). (more…)

Fonterra’s progress on TAF like wading through quicksand

May 3, 2012

 

The process of getting farmer and legislative approval for the introduction of Trading Among Farmers must seem frustratingly slow to Sir Henry van der Heyden, directors and management of Fonterra. They have been working on it for almost two years now and even got just under a 90% vote from shareholders in favour of it when it was last put to the vote in June 2010. (more…)