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over the past year
te arataura and tainui
group holdings (tgh)
have engaged to achieve
greater alignment
between the vision,
mission, values and
objectives of
waikato-tainui and
those of the company.
This has seen joint strategy sessions
and regular, scheduled attendance at
each other’s governance meetings.
In addition, a Group Investment
Committee has been established which
had its inaugural meeting toward the
end of the financial year.
The increased interaction has led to
the signing of an overarching Kawenata
(Covenant) between Te Arataura and
TGH to fully embrace the ‘One Team,
One Direction’ philosophy. It is a
framework, defining the obligations
and roles of both organisations and
describing how they will work together
and support each other. There are some
shared obligations under the Kawenata
Mike Pohio – Chief Executive Officer
tainui group holdings
that relate
specifically to TGH, such
as provisions requiring the company
to help meet the wider social needs of
tribal members, provided the costs of
doing so are explicit.
The next step will be for Te Arataura
and TGH to agree the content of a more
specific ‘Statement of Expectations.’
This will set out a joint approach to
investment policies and objectives as
well as matters deemed to be of tribal
significance. It will be reviewed every
five years, with the first review coming
five years after the adoption of the
Kawenata.
These steps are significant. The
company has spent the last several
years consolidating its commercial
position, and the more recent
engagement has enabled the Waikato-
Tainui group, including TGH to
reinvigorate relationships in a very
open and transparent way. While work
is still required to fully embed the new
approach, there is a real determination
to do so.
Sir Henry van der Heyden – Chairman
