# Fonterra considers farmers' TAF issues

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Dairy giant Fonterra says it has listened to farmers, and will ask its farmer-shareholders to vote on a special resolution to tighten controls around the size of its proposed Trading Among Farmers (TAF) scheme.
Chairman Sir Henry van der Heyden said the board would recommend tightening up some of the previously agreed thresholds on the fund’s size «as a prudent measure».
This followed input from Fonterra’s Shareholders’ Council and due diligence advisers.
«It has always been acknowledged that the size of the Fonterra shareholders’ fund has to be managed carefully to ensure 100 per cent farmer control and ownership is protected,» he said.
The thresholds would be enshrined in the constitution, subject to a 75 per cent farmer-shareholder vote.
The vote will be held at Fonterra’s special meeting on June 25, in addition to the resolution on shareholder support for TAF.
Every aspect of TAF was being stress-tested during the continuing due diligence process, van der Heyden said, and this would continue until implementation.
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– © Fairfax NZ News

Mirá También

Así lo expresó Domingo Possetto, secretario de la seccional Rafaela, quien además, afirmó que a los productores «habitualmente los ignoran los gobiernos». Además, reconoció la labor de los empresarios de las firmas locales y aseguró que están «esperanzados» con la negociación entre SanCor y Adecoagro.

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