Constitution of - Fonterra
Constitution of - Fonterra
Constitution of - Fonterra
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Contents<br />
COMMENTS<br />
Page<br />
1. PURPOSE AND PRINCIPAL ACTIVITIES 2<br />
2. SHAREHOLDERS 2<br />
3. CO-OPERATIVE SHARE STANDARD 3<br />
4. FAIR VALUE OF CO-OPERATIVE SHARES AND MILK PRICE 4<br />
5. ISSUE AND SURRENDER OF CO-OPERATIVE SHARES 10<br />
6. SUPPLY REDEMPTION RIGHTS 16<br />
7. PEAK NOTES 16<br />
8. SHAREHOLDERS’ VOTING ENTITLEMENTS 19<br />
9. TERMS AND CONDITIONS OF SUPPLY OF MILK BY SHAREHOLDERS 20<br />
10. PAYMENT FOR MILK SUPPLIED BY SHAREHOLDERS 21<br />
11. DISTRIBUTIONS 21<br />
12. APPOINTMENT ROTATION AND REMOVAL OF DIRECTORS 22<br />
13. POWERS OF DIRECTORS 23<br />
14. EXERCISE OF POWERS OF SHAREHOLDERS 23<br />
15. SHAREHOLDER PROPOSALS AND MANAGEMENT REVIEW 23<br />
16. SHAREHOLDERS’ COUNCIL 24<br />
17. MILK COMMISSIONER 28<br />
18. ALTERATIONS TO PART A OF THIS CONSTITUTION 29<br />
19. REGISTRATION AS A CO-OPERATIVE DAIRY COMPANY 30<br />
20. VALUER 30<br />
21. SHARES GENERALLY 31<br />
22. SHAREHOLDING STATEMENTS 32<br />
23. ACQUISITION, REDEMPTION AND HOLDING OF OWN SHARES 33<br />
24. ALTERATION OF SHAREHOLDER RIGHTS 33<br />
25. EQUITABLE INTERESTS IN SHARES 33<br />
26. CALLS ON SHARES 34<br />
27. FORFEITURE OF SHARES 35<br />
28. LIEN ON SHARES AND PAYMENTS 36<br />
29. SALE OF SHARES SUBJECT TO FORFEITURE OR LIEN 36<br />
30. TRANSFER OF SHARES 37<br />
31. TRANSMISSION OF SHARES 39<br />
32. CAPITAL NOTES 39<br />
33. GENERAL PROVISIONS RELATING TO DIRECTORS 40<br />
34. REMUNERATION AND OTHER BENEFITS OF DIRECTORS 41<br />
35. INDEMNITY AND INSURANCE 42<br />
36. PROCEEDINGS OF BOARD 42<br />
37. MEETINGS OF SHAREHOLDERS 43<br />
38. NOTICE OF MEETINGS OF SHAREHOLDERS 44<br />
39. PROCEEDINGS AT MEETINGS OF SHAREHOLDERS 44<br />
40. CHAIRPERSON OF MEETINGS OF SHAREHOLDERS 45<br />
41. VOTING AT MEETINGS OF SHAREHOLDERS 45<br />
42. POLLS 46<br />
43. PROXIES 47<br />
44. CORPORATE REPRESENTATIVE 48<br />
45. ADDITIONAL METHODS OF CONTRACTING 48<br />
46. NOTICES 48<br />
47. LIQUIDATION 49<br />
48. DEFINITIONS AND INTERPRETATION 49<br />
49. TRANSITION TO TRADING AMONG FARMERS 55<br />
[Note: The page references and headings in this table <strong>of</strong> contents reflect the page numbers and headings <strong>of</strong> this<br />
marked up constitution. If the Special Resolution is passed, the page numbers and the clause numbers will be<br />
amended to reflect the page numbers and clause numbers <strong>of</strong> the final, amended, constitution.]<br />
<strong>Constitution</strong> <strong>of</strong> <strong>Fonterra</strong> Co-operative Group Limited PAGE 1
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