Shareholder Council justify Spearings' pay


Earlier this week, Fonterra confirmed a final cash payout of $6.52 for the 2016/2017 season for a 100% share-backed farmer. This is made up of a Farmgate Milk Price of $6.12 per kgMS and a dividend of 40 cents per share which was a relief to the dairy sector. 

Fonterra Shareholder Council Chairman Duncan Coull discusses this and the debate around the CEO, Theo Speirings pay packet