CHAIR’S REPORT Te Kāhui Maru It is my pleasure to present the second Chair’s Report for Te Kāhui Maru. Since the establishment of Te Kāhui Maru in August 2018, we have focused our efforts on establishing our commercial board and putting sound processes and systems in place. This work has helped to administer the settlement assets which have already been returned to Ngāti Maru. These include the $15 million on account portion of our financial redress that was negotiated when we signed the Agreement in Principle in 2017. When the final settlement is passed into legislation, Te Kāhui Maru will become 8
TE KĀHUI MARU TRUST ANNUAL REPORT 2020
the sole PSGE, replacing Te Rūnanga o Ngāti Maru (Taranaki) Trust which will be disestablished. We expect this to take place sometime in late 2021. Te Kāhui Maru is still in its early days however we will be reaching out to our people over the next 12 months to seek input into developing the long-term strategies, vision and aspirations of Ngāti Maru. Long-term planning is necessary to ensure that our goals are focused on what we as uri of Ngāti Maru want for our future. There are many emerging opportunities our experienced commercial board are pursuing. Some of these will be in
