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GOVERNANCE HISTORY
Establishment in 2013 In August and September of 2013, Ngāti Paoa undertook a ratification process for the proposed Ngāti Paoa Iwi Trust so it could be confirmed as its post-settlement governance entity (PSGE). The results were posted in October 2013 and more than 96 percent of registered voters who participated approved the Ngāti Paoa Iwi Trust as the PSGE for Ngāti Paoa. It was subsequently established under the Ngāti Paoa Iwi Trust Deed (Trust Deed). The Minister for Māori Development and the Minister for Treaty of Waitangi Negotiations approved the ratification results and the Ngāti Paoa Iwi Trust was subsequently recognized by the Crown as the mandated PSGE for Ngāti Paoa. Initial Trustees In 2013, only 2 initial trustees, Gary Thompson and Bryce Heron (Independent), were appointed on the basis that settlement with the Crown of all historic claims would occur in less than 12 months. The Trust Deed as ratified by the Iwi of Ngāti Paoa was drafted with this expectation in mind and did not contemplate elections for a full compliment of Trustees until settlement had been reached. Unfortunately, by 2018 negotiations with the Crown were still continuing and there appeared to be no end in sight. As a direct result of these delays and restricted by the Trust Deeds inability to hold elections until settlement, Gary and Bryce utilized provisions in the Trust Deed to appoint five more initial trustees increasing the total number of trustees to 7. The appointed initial trustees were Gwen Te Pania Palmer, Tania Tarawa, Emily Davis ,James Ratahi, David Gray (independent) and Bryce Heron (independent). All of the appointed initial Trustees above were approved by the Iwi at the Ngāti Paoa Iwi Trust AGM on 10 November 2018. Ngāti Paoa Settlement Signing 2020 Ngāti Paoa signed its iwi specific Deed of Settlement on 20th of March 2020 with the Crown. The signing follows approval by 91.6 % of Iwi members who voted for the negotiated settlement package in March of that year. The settlement package was initialled by iwi in 2017. The Deed of Settlement includes an Historic Account, Crown Acknowledgements of how and when it breached Te Tiriti, and the Crown’s Apology. It includes the return of culturally significant lands, and financial redress of $23.5 million. The Ngāti Pāoa Iwi Trust Board Chairman, Glen Tupuhi said, ”This has been a long and arduous journey for Ngāti Paoa that we are not yet at the end of, however this signing draws a line in the sand with the Crown and enables us to start rebuilding our estate, and our cultural and economic legacy”. “We still have other parts of our settlement we are working through, but this is a defining moment in our history.” The signing of the Deed of Settlement brings an end to previous governance and management arrangements and the negotiation of the claim. Ngāti Paoa acknowledges the former Board and Chair Gary Thompson, negotiators Hauaru Rawiri and Morehu Wilson, CEO Haydn Solomon and key commercial advisor Daniel Karehana whose commercial acumen was invaluable in maximising the Ngāti Paoa package. “Ngāti Paoa is deeply grateful to all those that got us to this point, it is now for us to heal the wounds of this process and move forward together” By agreement of the new Board, all existing contracts will end next month following the signing. Chairman Glen Tupuhi says “The signing is a natural end point and enables the new Board to put in place management arrangements that are appropriate for growing and protecting our settlement into the future” Mr Tupuhi said, “our new trustee body is committed to operating as a united team. We have a mandate from our people and that remains our focus to honour the trust they have placed in us to work together”. Ngāti Pāoa Iwi Trust will sign the Deed of Settlement with the Crown on March 20th at Wharekawa Marae. Commercial Subsidiaries Ngāti Paoa Group Investments and Ngāti Paoa Group Holdings are 100% wholly owned by the Ngāti Paoa Iwi Trust. They are designated for holding all commercial redress assets from Ngāti Paoa;’s Treaty settlements. Their key strategic purposes are prudent financial management as well as being tasked with growing Iwi assets for the long-term benefit of the Iwi of Ngāti Paoa. Brett Rhind is currently appointed as the sole commercial Director. Additional appointments to the commercial board will follow in 2020. |
AGM 2023 DOCUMENTS
AGM 2022 DOCUMENTS
FINANCIAL AUDITS
COMMERCIAL AUDITS
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