Charters

We're committed to the highest standards of corporate governance and leadership.
The role of the Fonterra Board is to govern Fonterra on behalf of its farmer shareholders and to promote and protect the interests of Fonterra.
 

In doing so, the Board has regard to the interests of its farmer shareholders and other relevant stakeholders.

Board Charter

This Charter sets out the governance requirements for the Fonterra Board.

 

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Board Charter

Board Code of Conduct

This document explains our approach to guide members of the Board on ethical risk and to help nurture an environment where integrity and accountability are key.

 

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Board Code of Conduct

Appointments and Remuneration Committee Charter

This Charter sets out how the Committee assists the Board in fulfilling its governance responsibilities in relation to the recruitment, retention, remuneration and development of Directors, executives and other employees, and to promote a safe and healthy working environment.

 

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Appointments and Remuneration Committee Charter

Audit, Finance and Risk Committee Charter

This Charter sets out how the Committee assists the Board in fulfilling its governance responsibilities relating to Fonterra’s financial management and internal control frameworks, financial reporting, audit activities, capital markets matters and funding activities; management and monitoring of Group risks other than those risks that are overseen by the People, Culture and Safety Committee and the Co-operative Relations Committee; and the management and monitoring of Climate Risk.

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Audit, Finance and Risk Committee Charter

Co-operative Relations Committee Charter

This Charter sets out how the Committee assists the Board in fulfilling its governance responsibilities in relation to the supply of milk from Fonterra suppliers, and to seek to resolve supplier complaints before reference to the Milk Commissioner.

 

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Co-operative Relations Committee Charter

Safety and Risk Committee Charter

This Charter sets out how the Committee assists the Board in fulfilling its corporate governance responsibilities relating to Fonterra’s management of key enterprise-wide risks.

 

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Safety and Risk Committee Charter

Disclosure Committee Charter

This Charter sets out how the Committee assists the Board in fulfilling its governance responsibilities in relation to Fonterra’s continuous disclosure obligations.

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Disclosure Committee Charter

Milk Price Panel Terms of Reference

These Terms of Reference set out how the Panel provides assurances to the Board as to the governance of the Milk Price and the Milk Price Manual, and the proper application of the Milk Price Principles.

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Milk Price Panel Terms of Reference

People, Culture and Safety Committee Charter

This Charter sets out how the Committee assists the Board in fulfilling its corporate governance responsibilities relating to the recruitment, retention, remuneration and development of directors, executives and other employees, and Fonterra’s management of Health, Safety and Wellbeing.

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People, Culture and Safety Committee Charter

Divestment Review Committee Charter

This Charter sets out how the Committee assists the Board in fulfilling its corporate governance responsibilities in relation to material divestments and similar transactions.

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Divestment Review Committee Charter