Capital structure is an important conversation for us as owners. We want to hear your feedback on any or all of the topics discussed in this booklet.
Do you think that there is a clear rationale for moving away from the current structure?
What do you think about the variables within this structure such as: – the share standard ratio of 1:4 – the maximum cap on shareholding of 4x supply – the timeframe to share-up and share-down of five seasons – phasing out Share-Up Over Time contracts and/or MyMilk contracts – whether we transition to a Reduced Share Standard over several seasons, or if we change all at once
What do you see as the benefits and challenges with a Reduced Share Standard structure?
Do you see reducing the share standard as being effective at creating flexibility for farmers? Do you believe that this will make it easier for farmers to join and stay with the Co-op?
What are your views on how we support alignment between farmer owners on items like voting rights? For example, should voting remain linked to share-backed supply, or should some other mechanism be considered?
What are your views on moving to a farmer-only market and the potential impacts?
Should sharemilkers and others working toward farm ownership be able to directly participate in the Fonterra Shareholders’ Market?
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