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Results of shareholder voting at Fonterra annual meeting

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Results of shareholder voting at Fonterra annual meeting

Resolution seven, a special resolution put forward by a Fonterra shareholder, Mr Murray Beach, was not passed. The Board and Shareholders’ Council had earlier recommended that shareholders vote against this resolution.

 

The results of the resolutions are:

RESOLUTION

RESULT -

% in favour

Resolution 1: Approval of remuneration of Directors

88.52%

Resolution 2: Approval of remuneration of Shareholders’ Council

86.45%

Resolution 3: Approval of remuneration of members of Directors’ Remuneration Committee

90.12%

Resolution 4: Appointment of PricewaterhouseCoopers as auditor and authorisation of the Directors to fix the auditor’s remuneration

96.72%

Resolution 5: Approval of Shareholders’ Council programme and budget

88.74%

Resolution 6: Ratification of appointment of John Waller

93.35%

Resolution 7: Mr Beach’s Proposal

19.40%