Download the Ngāi Tahu Corporate Profile - Ngai Tahu

Te Rūnangao Ngāi TahuTe Rūnanga o Ngāi Tahu (Te Rūnanga), the tribal council,was established by the Te Rūnanga o Ngāi Tahu Act 1996to be the tribal servant, protecting and advancing thecollective interests of the iwi.Mō tātou, ā, mō kā uri ā muri ake nei –for us and our children after usThe design of Te Rūnangaembraces our culturaltraditions. It incorporatesthe best corporategovernance models wecould find in the world anddraws from the democraticstructures of localgovernment and Westernbest practice.Te Rūnanga board membersare appointed followinga democratic process andare responsible for thegovernance of tribal assetsand investments in tribaldevelopment.The initial asset base ofTe Rūnanga was largelyderived from the assets of theNgāi Tahu Māori Trust Boardand from the settlement of TeKerēme – The Ngāi Tahu Claim(claims against the Crown forvarious breaches of the Treatyof Waitangi). The financialsettlement amounted to$170m plus some interestand commercial opportunitiesand was received in late 1998.It also subsequently involvedfisheries and aquacultureassets valued at $71m.Since the time of settlementthe asset base has grownfrom approximately $10min 1996 to over $658m as atJune 2012. Over that timeTe Rūnanga has madedistributions and invested over$254m in tribal development,much of that being direct toour Papatipu Rūnanga andtribal members through amatched savings programme,education scholarships andgrants and the like.One of the principles of ourCharter is that the assets ofNgāi Tahu must be managedseparately from the bodiesthat spend and distribute theincome earned from thoseassets. As such, the executivefunctions of Te Rūnangaare carried out by theOffice of Te Rūnanga whichmanages the representationalactivities, protects therights of Ngāi Tahu Whānuiand delivers social andcultural programmes. NgāiTahu Holdings Corporationmanages commercialactivities and assets.Te Rūnanga has anintergenerational investmentframework designed to ensurea steady and sustainablecashflow based on profit andcapital growth matchingits intergenerational tribaldevelopment strategy.It includes stringentbenchmarking, spending rulesas well as a strategic assetallocation framework.Annually Te Rūnanga issuesLetters of Expectation to theOffice of Te Rūnanga, NgāiTahu Holding Corporationand Whai Rawa which setout general and specificexpectations regardingactivities and performance. Inresponse these business unitsdevelop detailed Statementsof Corporate Intent settingout how they will fulfil thoseexpectations.The development strategyof Te Rūnanga is alignedto a tribal distributionstrategy. This sets in placean overall strategy for thetribe’s investment future,commercially as well asin our people and tribaldevelopment. UltimatelyNgāi Tahu invest to createthe future we want for ourtamariki (children) andmokopuna (grandchildren).For further information visit:www.ngaitahu.iwi.nz10 11