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The Indigenous Land Claims in New Zealand and Canada

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Tahu tribe will witness an improvement <strong>in</strong> their social <strong>and</strong> economic circumstances. In contrast, <strong>The</strong>Ta<strong>in</strong>ui Tribe has not been as fortunate <strong>and</strong> has suffered more setbacks. <strong>The</strong>re have been <strong>in</strong>ternal riftswith<strong>in</strong> the tribe due to poor <strong>in</strong>vestments that have resulted <strong>in</strong> debt problems <strong>and</strong> leadership that hasbeen put <strong>in</strong>to question (Buck<strong>in</strong>gham <strong>and</strong> Dana, 7).<strong>The</strong> Ngai Tahu has thus far followed a more professional <strong>and</strong> accountable way of do<strong>in</strong>gbus<strong>in</strong>ess. <strong>The</strong> two arms of the Ngai Tahu Charitable Trust ensures that not only is profit made frombus<strong>in</strong>ess <strong>in</strong>vestments <strong>and</strong> ventures but that this profit is redistributed back to the Ngai Tahu peoplethrough the Development Corporation. <strong>The</strong> money is then used to fund education, health <strong>and</strong> culturalprojects to aid socio-economic development for the future (Katschner, 11). Accord<strong>in</strong>g to InesKatschner, there are several factors that can be viewed as determ<strong>in</strong>ants of professional <strong>and</strong> successfulbus<strong>in</strong>ess management of the Ngai Tahu people. First, at least two of the board members of thehold<strong>in</strong>g corporation must be experts <strong>in</strong> a particular <strong>in</strong>dustry that the corporation assumes, regardless ifthey are Ngai Tahu people or not. Secondly, the subsidiary boards need to provide written reportsabout their activities, which will ensure that they are responsible for the decisions that they make.Lastly, there are f<strong>in</strong>ancial accountabilities <strong>and</strong> st<strong>and</strong>ards put <strong>in</strong> place to ensure consistency among thevarious subsidiaries.This is unlike the Ta<strong>in</strong>ui, who have experienced cont<strong>in</strong>ual losses <strong>in</strong> poor <strong>in</strong>vestments.Smart <strong>in</strong>vestment is imperative to grow the wealth of the group <strong>and</strong> ensure long-term economicgrowth <strong>and</strong> prosperity. In addition, strong management practices emphasis<strong>in</strong>g accountability arealso important to ensure bus<strong>in</strong>ess growth <strong>and</strong> longevity. However, the corporate reorganization ofthe Ta<strong>in</strong>ui Group Hold<strong>in</strong>gs Ltd. has been a positive step towards profit realization, the ability tore<strong>in</strong>vest those profits, <strong>and</strong> distribution of tribal grants for social development.34

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