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NGAA WHAKAHOAHOA
Relationships
Kiingi Tuheitia recently reminded us of the
rightness in sharing our good fortune by offering
help to other iwi. Our 132-year battle for justice
and 20 years in post-settlement development have
amassed a vast store of experience, insights and
knowledge that we can look to share so others
may benefit.
The Tainui Waka Alliance and Iwi Chairs Forum
are two kaupapa that we are committed to.
We have established partnerships with Maaori
and corporate organisations, such as our
secondment arrangement with Ngaai Tahu and
our Memorandum of Understanding with Te
Arawa, and lend significant support through our
kaumaatua who travel on our behalf to tautoko
kaupapa across the nation.
TE MAHI PAKIHI
Commercial
We are all aware of the necessity for our
commercial activities to be profitable. Tainui
Group Holdings (TGH), like Te Kauhanganui,
aspires to greater, more profitable results. We must
support that whakaaro and I endorse the new
diversification strategy Sir Henry van der Heyden
and his team are pursuing.
TGH is reporting solid financial progress in a year
that has seen initial steps towards expanding our
investment portfolio under the diversification
strategy. Through its efforts consolidated revenues
and profit are up, however, the dividend is slightly
down on last year. Consolidated asset value is now
Triennial elections in February 2015 concluded
with the confirmation of officers for Te
Kauhanganui, members of Te Arataura, and the
Negotiator role. An inaugural election for an
Appointments Committee was also held. I was
humbled to be returned as Chairman for a second
term and was pleased to see Te Whakahawea
Rapana re-elected as Deputy Chairman and to
welcome Glen Tootill as Secretary. I want to make
special acknowledgement of Ani Capper for her
service to Te Kauhanganui as a member and
Secretary.
Two changes were made to membership of Te
Arataura with the elections of Tahi-o-Hurae
Rangiawha and Patience Te Ao. Long-serving
members Kingi Porima and Sonny Wilson retired
and I thank them for their commitment, dedication
and support. The full list of Te Arataura members is
available on page 20 and 21 of this report.
Tom Roa was re-confirmed as Negotiator to
lead the settlement of outstanding claims on
our behalf, and an Appointments Committee
with responsibility for appointing tribal directors
was established. Inaugural members are Denis
Holland, Tahi-o-Hurae Rangiawha, Patience Te Ao,
Maungarongo Tito, Robert Tukiri and
Ratauhinga Turner.
NGAA KEREEME
Claims
During the year we witnessed the settlement of
the Ngaati Haaua and Ngaati Koroki Kahukura
claims. We were pleased to provide support to our
whanaunga through the settlement process and
congratulate them on this achievement.
0
2
4
6
8
10
12
14
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
2003
2002
3.3
5.4
7.4
10.6
10.5
10.0
10.0
10.5
11.0
11.5
13.9
12.5
0
0
dividends from tgh + wtf
$m
8