is a pre-emptive approach that parallels
a Government-led review of governance
structures across the tertiary sector. Results
from the review have been presented to
council members, including a preferred
model for our future council. The model
indicates a reduction in the size of Te
Mana Whakahaere to make council more
responsive and to promote more effective
and robust decision-making. In the coming
months we will begin a comprehensive
We are still a young institution – agile and
nimble – and it is our youthful spirit that
drives our innovation and gives us the
energy to achieve where others struggle.
Maximising efficacy
In 2012, we completed the first phase of
a review of our governance structures and
processes – work that began in 2009. The
review evaluated strategic and planning
processes and the kawa of Te Mana
Whakahaere within the context of driving
future organisational growth and realising
the potential of our organisation. This work
Total net assets - five year trend
2008
$98 million
2009
$112 million
2010
$126 million
2011
$133 million
2012
$138 million
Surplus - five year trend
2008
$5.93 million
2009
$8.12 million
2010
$6.21 million
2011
$7.28 million
2012
$7.94 million
Annual report 2012
9
