Nominations For Fonterra Elections Open Today
Nominations are now open for the 2010 Fonterra Elections.
This year elections are being held for three shareholder-elected Directors for Fonterra’s Board of Directors, two members of the Directors’ Remuneration Committee, and 13 members of the Shareholders’ Council.
Fonterra shareholders, or a shareholder of a company, or a member of a partnership or a person having an interest in a body corporate that is a Fonterra shareholder, are eligible to stand for election. Candidates must also be nominated and seconded by Fonterra shareholders.
Nomination Papers and Candidate Handbooks are now available by phoning the Election Hotline on free phone 0508 666 446 or emailing elections@electionz.com. Nominations must be received by the Returning Officer, Warwick Lampp of electionz.com, by 12 noon on Friday, 10 September 2010.
Nominations can be free faxed to 0508 666 447 or posted to the Returning Officer, 2010 Fonterra Elections, PO Box 3138, Christchurch 8140.
In accordance with the Constitution, every year three shareholder-elected Directors must retire from the Board. They may seek re-election. Directors required to retire by rotation this year are Malcolm Bailey, Ian Farrelly and Henry van der Heyden.
The incumbent Directors do not need to advise the Returning Officer of their intention to retire or stand again before the opening date for nominations for candidates. This means that the incumbent Directors are not disadvantaged by being required to confirm their candidacy before they have the opportunity to participate in the Candidate Assessment Panel (CAP) process. Candidates for the Directors’ election will be announced by the Returning Officer following the completion of the CAP process on Friday, 1 October 2010.
For the Directors’ Remuneration Committee, Ron Ferriman and Gerard Wolvers are retiring by rotation and are eligible for re-election.
This year there are Shareholders’ Council in 13 wards. Councillors in 11 wards are by rotation in accordance with the By-laws of the Shareholders’ Council and there will be elections in two other wards, Ward 19 and Ward 20, to fill casual vacancies.
The 13 wards up for election are:
Ward 3 Northern Wairoa
Ward 6 Hauraki
Ward 9 Morrinsville
Ward 12 Cambridge
Ward 15 South Waikato
Ward 18 Otorohanga
Ward 19 Taupo
Ward 20 Northern Taranaki
Ward 21 Coastal Taranaki
Ward 24 Southern Taranaki
Ward 27 Southern Manawatu
Ward 30 Northern Canterbury
Ward 33 Otago
The Shareholders' Councillors who have advised they will stand for re-election are:
Ward 3 Northern Wairoa Murray Douglas
Ward 9 Morrinsville Stephen Silcock
Ward 15 South Waikato Ian Brown
Ward 21 Coastal Taranaki Nick Barrett
Ward 27 Southern Manawatu Owen Greig
Ward 33 Otago Grant Scott
The Shareholders’ Councillors retiring are:
Ward 6 Hauraki Peter West
Ward 12 Cambridge Henk Weijers
Ward 18 Otorohanga Sarah von Dadelszen
Ward 19 Taupo Campbell Shearer
Ward 20 Northern Taranaki Blue Read
Ward 24 Southern Taranaki Ross Johnston
Ward 30 Northern Canterbury Geoff Stevenson
The three elections will run concurrently. The voting period is from Thursday, 21 October until 10.30am on Tuesday, 16 November. Election results will be announced by media release later that day.
The Single Transferable Vote (STV) system will be used for all election voting by internet, fax and post.
Warwick Lampp
Returning Officer – 2010 Fonterra Elections
Email: elections@electionz.com
Mobile: 021 498 517
Election Hotline: Free Phone 0508 666 446
About Fonterra
Fonterra is a global leader in dairy nutrition – the preferred supplier of dairy ingredients to many of the world’s leading food companies. Fonterra is also a market leader with our own consumer dairy brands in Australia/New Zealand, Asia/Africa, Middle East and Latin America.
The farmer-owned New Zealand co-operative is the largest processor of milk in the world, producing more than two million tonnes of dairy ingredients, value added dairy ingredients, specialty ingredients and consumer products every year. Drawing on generations of dairy expertise, Fonterra is one of the largest investors in dairy based research and innovation in the world. Our 16,000 staff work across the dairy spectrum from advising farmers on sustainable farming and milk production, to ensuring we live up to exacting quality standards and delivering every day on our customer promise in more than 100 markets around the world.
