The Fonterra Shareholders’ Council meets at least six times a year to conduct business, debate and determine policy, and receive updates on relevant Co-operative matters from members of the Board and Management.
The Council’s annual work programme is determined by its core functions set out in the Fonterra Constitution and by topical issues of importance for Fonterra Shareholders.
Workstreams, including policy development, are considered and formulated by three committees – Performance, Co-operative Culture, and Governance and Ethics – before recommendations are put to the full Council for deliberation. Project teams are established as required to address specific issues.
In addition to the three committees, both the Council and Board have representatives on the Nominations Committee and the Governance Development Committee.
Three Shareholders’ Councillors attend meetings of the Co-operative Relations Committee.
The Council also engages with other key stakeholders on matters affecting Fonterra Shareholders, and is supported by an executive team based in Auckland, New Zealand.