Waikato-Tainui Anniversary Booklet

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GOVERNANCE AND STRATEGY
An aspect of the legislation
covering our settlement was
the requirement that a tribal
governance entity be created
to replace the incumbent
Tainui Maaori Trust Board. Soon
after settlement a three-year
consultation process began to
identify the governance structure
that members preferred.
In 1999 the structure was approved
and Te Kauhanganui, comprising
three representatives from each
of the 68 marae, was born.
Soon after, the tribal executive
committee Tekaumaarua was
created. In 2005 Tekaumarua
became Te Arataura.
This structure remains in place
today however a review of
governance and representation
arrangements was commenced
two years ago. A new model has
been identified and is expected
to be adopted this year. The
Marae Model is aimed at ensuring
governance arrangements provide
for new, more efficient and
effective ways to deliver outcomes.
Te Kauhanganui is led by our 50-
year blueprint for success. Known
as Whakatupuranga 2050, this far-
reaching strategy was developed
in 2007 and provides the vision,
guidance, focus and strategy for
development. It can be viewed at
COMMERCIAL
Tainui Group Holdings Ltd (TGH)
is the tribe’s commercial entity.
TGH was formed in 1999 as a
holding company over TGH Fixed
Income Limited (formerly known
as Tainui Corporation Limited -
essentially a property landlord) and
TGH Property Limited (formerly
known as Tainui Development
Limited - property development
and investments). In 2002 these
entities were restructured and TGH
became one single commercial
operational arm with a total asset
value of $166M. By 2014 TGH’s
total assets were valued at $841
million, boosting consolidated total
asset values for Waikato-Tainui
to $1.1B.
TGH is primarily an
intergenerational investment
company managing tribal-owned
land holdings (commercial, forestry
and farming) and developing key
projects including hotels (Ibis
Tainui, Novotel Tainui, and Tainui
Auckland Airport Hotel), residential
subdivisions (Huntington,
Rotokauri), and The Base at Te
Rapa. It also manages the tribe’s
fisheries interests (Waikato-Tainui
Fisheries Ltd), is investigating
the potential commercial and
residential development of 500ha
at Ruakura, and recently diversified
its interests with the acquisition of
shareholdings in Waikato Milking
Systems, Genesis Energy and
Go Bus.
The revenues generated by TGH
fund tribal activities. Since 2004
TGH has returned $104M to the
Waikato Raupatu Lands Trust in
dividends. Concurrently, $56M
has been distributed for education
(grants, scholarships, Waikato-
Tainui College for Research and
Development), the Kiingitanga
(Koroneihana, Office of the King),
marae, and a range of cultural and
community activities.
Dividends since 2004
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
$m
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Aotearoa NZMaaori
Business Leaders
Awards 2015 for
Outstanding Maaori
Business Leadership:
Tainui Group Holdings
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