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FMA concludes inquiries into Fonterra s 2019 financial statements and complaints relating to valuations of Beingmate and China Farms

Date Time Share FMA concludes inquiries into Fonterra’s 2019 financial statements and complaints relating to valuations of Beingmate and China Farms The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has closed its inquiries that followed Fonterra’s 2019 financial statements market announcement. The FMA did not find evidence to support regulatory action, including litigation, under the Financial Markets Conduct Act. The FMA’s inquiries followed complaints about the timing of the accounting write-downs relating to Beingmate Baby and Child Food Co Limited (Beingmate) and China Farm assets (China Farms). The values of these, and other, assets were re-stated in a Fonterra market announcement in August 2019.

Business Scoop » FMA Concludes Inquiries Into Fonterra s 2019 Financial Statements And Complaints

Press Release – Financial Markets Authority The Financial Markets Authority (FMA) – Te Mana Ttai Hokohoko – has closed its inquiries that followed Fonterras 2019 financial statements market announcement. The FMA did not find evidence to support regulatory action, including litigation, … FMA Concludes Inquiries Into Fonterra’s 2019 Financial Statements And Complaints Relating To Valuations Of Beingmate And China Farms The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has closed its inquiries that followed Fonterra’s 2019 financial statements market announcement. The FMA did not find evidence to support regulatory action, including litigation, under the Financial Markets Conduct Act. The FMA’s inquiries followed complaints about the timing of the accounting write-downs relating to Beingmate Baby and Child Food Co Limited (Beingmate) and China Farm assets (China Farms). The values of these, and other, assets were re-stated in a Fonterra market annou

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It s time for Fonterra to stop paying its executives such outrageous sums

It’s time for Fonterra to stop paying its executives such outrageous sums Opinion Fonterra has over 80 employees paid more than $500,000 a year. But are so many exorbitant salaries warranted for New Zealand’s farming cooperative? Jenny Ruth of BusinessDesk doesn’t think so. In Australia, Macquarie Group is known as the millionaires’ factory because of all the lucrative deals it does that turn so many of its executives into millionaires. New Zealand has its own version but, far from possessing the huge trail of successful deals Macquarie has pulled off, ours is a sorry tale of bloated pay packets, unwise investments and appalling financial results.

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