Articles tagged Theo Spierings

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Rod Oram has followed a trail of bad management decisions and poor governance to discover why Fonterra is staring down the barrel of a massive writedown on its investment in Beingmate. He raises questions about the role of Fonterra's auditor, PwC, and a stifled culture of debate on its board.

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Beingmate, Fonterra's troubled investment in China, is blaming the co-op for its losses, according to a formal letter Beingmate has reportedly sent to Chinese financial regulators in response to their enquiries.

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Rod Oram warns in this week's column that Fonterra shareholders should brace for more bad news about the cooperative's disastrous investment in Beingmate Baby and Child Food.

China's Consul General in New Zealand Niu Qingbao has warned New Zealand's Food Safety Minister Nikki Kaye and Fonterra CEO Theo Spierings at a forum in Auckland that New Zealand should be even more open on food safety and environment issues to maintain its '100% Pure' image.

For the convenience of email subscribers, here's my Herald on Sunday column on what Jan Wright's report on dairying and water quality means for our economic strategy. I describe it as our big hairy, mooing Faustian bargain