Recommended NZ | Guide to Money | Gimme: Competitions - Giveaways

Simon Couper resigns on principle

Contributor:
Fuseworks Media
Fuseworks Media

Federated Farmers is saddened to see Fonterra Shareholders' Council chair, Simon Couper, has resigned effective immediately.

"Simon is a man of honour and it speaks volumes that he stuck to his guns under what is an intense pressure cooker environment," says Willy Leferink, Federated Farmers Dairy chairperson.

"That's something I know only too well. The lobbying is frankly unbelievable from all sides.

"Simon is a hard working and intelligent man who believes strongly in Fonterra as a 100 percent farmer controlled cooperative. According to BusinessDesk, he told them, "one hundred percent is 100 percent and in my view, we didn't get there".

"He also added in the BusinessDesk interview, "100 percent ownership and control was something I stood for and believe that we needed to deliver?I do not feel the controls are in place to deliver that".

"What we desperately need are cold hard facts about the value proposition Trading Among Farmers offers to farmer-shareholders," Mr Leferink concluded.

All articles and comments on Voxy.co.nz have been submitted by our community of users. Please notify us through our contact form if you believe an item on this site breaches our community guidelines.

Personal Finance guides from guide2.co.nz

The latest money guides from authoritative New Zealand sources: Investing, KiwiSaver & Saving, Managing Money, Home Loans, Credit Cards, Tax.

Links will take you to guide2.co.nz.

Connect with Voxy

Voxy on Google Plus     Join Voxy on Google+.

 

Credit Card Comparison TablesCompare Credit Cards - Interest rate and fees comparisons for New Zealand banks.