Half Yearly Review

HOW DID WE PERFORM?

Last month, Ngāruahine gathered at Aotearoa Marae where Te Korowai reported their six month performance from 1 April - 31 September 2018.

“As trustees we have a duty to report to uri on how we have performed. The hui was also an opportunity for uri to ask questions, talk about their expectations and kaupapa important to them” said Bev Gibson, Pouwhakarae (chair).

"The relationship with uri is a privilege and we must work hard to grow the people’s confidence in us."

REVIEW OF STRATEGIC PLAN

Confidence begins with understanding the purpose of Te Korowai and the priorities the Board is supporting.

The 2040 long-term iwi strategy sets out those priorities, and the chair used a traffic light system to report on Te Korowai’s performance.

“The word ‘variable’ is a good description of our performance for the first six months of the year: a mixed performance in the area of relationships, good progress in capability and a lot of work to do in self-resilience.”

STRATEGIC OBJECTIVE - RELATIONSHIPS

Whanaungatanga agreements in place with all hapū.

Tikanga based relationships with iwi and other organisations.

Strong engagement with hapū and marae.

Access resources to support goals.

STRATEGIC OBJECTIVE - CAPABILITY

Environment is the starting point for Ngāruahine initiatives.

Strengthen uri knowledge of Ngāruahine reo and tikanga.

Grow rangatahi as future successors.

Capture Ngāruahine history and knowledge, and transmit to all uri.

Build financial capability of Ngāruahine uri, hapū and marae.

STRATEGIC OBJECTIVE - SELF-RESILIENCE

Achieve sustainable revenues.

0% youth unemployment in Ngāruahine by 2030.

Empower uri with financial knowledge and wealth creation.

Whānau has access to wellbeing support.

Ensure whānau have healthy, self-sufficient and sustainable homes.

Facilitate, lead and support a drug free, healthy eating living.

REVIEW OF TE KOROWAI OPERATIONS

Reviewing the Trust Deed, deferred selection properties, and improving communication were three of the kaupapa discussed by the Pouhautū (General Manager).

“The team has been working hard implementing the Annual Plan that contributes to the 2040 longterm strategy, which includes operating within the budget”, said Allie Hemara- Wahanui Pouhautu (General Manager).

The six month financial report supports this.

TE KĪWAI MAUĪ (MAUĪ)

Chair for Te Kīwai Mauī, Hinerangi Raumati-Tu’ua, explained to the meeting that they are a responsible investor. Their vision is to be: ‘An outstanding investment company enabling Ngāruahine to be a healthy, wealthy, and culturally vibrant iwi.’

During this period, Mauī have focused on reviewing their strategic and operational activities. They have been building a portfolio of high quality direct investments and reviewing their passive portfolio.

Mauī have also been reviewing the operations of Dawson Falls Lodge following the appointment of live-in Managers.

IN SUMMARY

The Te Korowai Group are tracking well both in activities and financially. The annual report will provide a full year report on progress.

Please see below for details on how to request a copy of that report.

PRE-ORDER YOUR 2019 ANNUAL REPORT

The 2019 Annual General Meeting will be held Saturday 31 August at Waiokura Pā.

The Annual Report will be available at the end of July in the office or on the website.

If you would like a hardcopy mailed to you, please place your order with us through the iwi website or by contacting the office.

Ensure that your registered mailing address is up-to-date to avoid disappointment.

Order at www.ngaruahine.iwi.nz or call 06 278 7411