WHENUA MAGAZINE | ISSUE 38
KA OTI Ā RARO HUI Ā TAU 2021 MAINTAINING THE FOUNDATION OF RESILIENCY
The 2020/21 Annual General Meeting of Parininihi ki Waitōtara Incorporation was an opportunity to acknowledge and farewell outgoing chair Hinerangi Raumati-Tu’ua, before welcoming three fresh but familiar faces to the Board table.
Due to the COVID-19 restrictions in place at the time, the AGM took place virtually, a huirangi, with more than 160 Te Rau Titikura / shareholders registering for the event, many of whom watched the live stream and took an active part in proceedings. Dion Tuuta, the incoming Te Rau Toi Ariki/Chairperson of Te Raurengarenga / the Committee of Management, said that while the huirangi was a new experience, it was also an opportunity to connect more PKW whānau to the kaupapa while maintaining their safety. Those registered to the live stream were able to access the agenda, submit questions, kōrero with other live streamers and vote using the online platform, ACE Event App, which was provided by Sandra Julian (Ngāti Mutunga, Ngāti Tama) from Auaha. The well-known broadcaster and presenter Tamzyn Pue (Ngāti Maru, Taranaki iwi whānui) stepped into the role of MC to help guide Te Rau Titikura through the official business of the day and introduce speakers and agenda items.
The annual Te Ara Putanga (TAP) results, which measure how PKW is performing socially, culturally, environmentally, and financially, were presented, and showed steady performance and balance sheet improvements. The 2020/21 fiscal year is the third year of comparison after the introduction of TAP in FY2018/19 to give shareholders an improved ‘big picture’ view across the organisation, not just a single result based on financial figures. The main improvements have been seen in relation to asset return, dividends and distributions, cost management, the use of water and waste management, cultural visibility and pride, co-investment opportunities, working conditions, capabilities development and aligned partners (these categories fall across the four PKW values of Manākitanga, Kaitiakitanga, Whakapono, Whanaungatanga/Kotahitanga. Financially, the business has recorded a net profit after tax for the year ended 30 June 2021 of $42.8m which is significantly favourable to last year.
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