After narrowly seeing off an attempt to have its effectiveness put under an independent microscope, the $3 million-plus Fonterra Shareholders' Council is staying mum about its plans for a self-review.

New council chairman James Barron has declined to be specific about when the review will start, what shape it will take and the level of independent or outside analysis that will be brought in.

Fonterra rivals fear dairy giant will get leg up from law overhaul
Shrinking NZ milk pool plays into Fonterra's hands – Hurrell
Fonterra chairman John Monaghan called on to resign at co-op's