TE KĪWAI MAUI O NGĀRUAHINE LIMITED
POUWHAKARAE REPORT Strong growth of asset investment portfolio to over $80 million
" We have recently committed to investing alongside other iwi in a collective vehicle, Te Pūia Tāpapa, which together with major NZ investors will target premium large-scale investments."
I am proud to present this report for the first full year of operations of Te Kīwai Maui o Ngāruahine Limited (Maui), which was established as the asset holding company and commercial investment arm of Ngāruahine. This includes Te Rere o Kapuni Limited (Dawson Falls Lodge) and Ngāruahine Fisheries Limited. Our role is to protect and grow the value of Ngāruahine settlement assets and to undertake all commercial and fisheries activities of the group. This also includes managing fisheries assets held by Ngāruahine Fisheries Ltd. In total, we now look after over $80 million in assets, and have taken care in ensuring we have the right structure, capability and governance in place to manage and invest these assets for the benefit of Ngāruahine Iwi.
understanding of Ngāruahine values and the unique advantages and opportunities available to us. I am therefore very pleased to report that we now have directors Taaringaroa Nicholas, Bev Gibson, and Dion Maaka (Associate Director) on the Board and I am very grateful for their work during the year. In addition we receive great support from the Te Korowai office and, in particular, from the Pouhautū, Allie Hemara-Wahanui. Te Kīwai Maui have been working to put a governance framework in place. As a subsidiary of Te Korowai o Ngāruahine Trust (Te Korowai), we report quarterly to the Trustees. Te Korowai controls appointments to Maui, approves the annual plan and investment strategy, and has reserve powers for large transactions.
A key part of this focus has been establishing a board with the right mix of commercial experience and expertise, together with a strong
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