Review of Te Runanganui o Ngati Porou Trust Deed and its operation
Te Runanganui o Ngati Porou (TRONPnui) is the mandated Iwi organisation which represents the collective interests of nga whanau me nga hapu o Ngati Porou, and manages an Iwi asset base worth approx. $223 million. Over the next 12 months Ngati Porou Iwi members will have the opportunity to contribute to the review of the constitutional document upon which the organisation is based and the first five years of its operation.
The TRONPnui Trust Deed review represents a significant and exciting opportunity for all of Ngati Porou to reflect upon how Te Runanganui o Ngati Porou and its subsidiaries, are governing and managing your assets. As the ultimate shareholder of the Runanganui, whanau and hapu have the opportunity to change the way things are being done or ensure those aspects that are operating effectively are kept.
Te Runanganui o Ngati Porou Trustee Limited
Te Runanganui o Ngati Porou Trustee Limited represents the collective interests of Ngati Porou iwi members, and is governed by 14 elected representatives.The board exercises strategic governance over its subsidiaries – Toitu Ngati Porou, Ngati Porou Holding Company Ltd and Ngati Porou Hauora.
Ngati Porou Holding Company Limited
Ngati Porou Holding Company Ltd is the economic and wealth generation arm of Te Runanganui o Ngati Porou. Its has five board members appointed by Te Runanganui o Ngati Porou board.
Toitu Ngati Porou Charitable Trust
Toitu Ngati Porou is the cultural and wealth distribution arm of
Te Runanganui o Ngati Porou. It has five board members appointed by Te Runanganui o Ngati Porou board.
Ngati Porou Hauora Charitable Trust
Ngati Porou Hauora provides health services to Ngati Porou/East Coast communities. It has five board members appointed by Te Runanganui o Ngati Porou board.
TRONPnui Trust Deed Review - Frequently Asked Questions
Q. What is this kaupapa about and why is it important?
A. The TRONPnui Trust Deed review represents a significant and exciting
opportunity for all of Ngati Porou to reflect on how the Runanganui and
its subsidiaries, are governing and managing
your assets. You, as the
owner of the asset (currently worth approximately $223 million), have
the opportunity to change the way things are being done or ensure those
aspects that are operating effectively are kept. The Trust Deed is the
document that sets the standard that you can expect of your governing and
Q. What is the Te Runanganui O Ngati Porou Trust Deed?
A. It is the legal document that established
TRONPnui and empowered it
to govern and manage the post-settlement assets on behalf of all Ngati
Porou. The Trust Deed was signed in 2010 and confirmed
in 2011. One of
the clauses within the Trust Deed states that it is mandatory
that a review
of the Trust Deed and its operation, be undertaken after 5 years.
Q. Does the Trust Deed Review affect the subsidiaries, Ngati Porou
Holding Company, (the economic and investment arm of Te Runanangui
o Ngati Porou), and Toitu Ngati Porou (the cultural arm of Te Runanganui
o Ngati Porou)?
A. Yes. The Toitu Ngati Porou Deed and the Ngati Porou Holding Company
Constitution provide that their review
should take place at the same time
as the review of the Runanganui Trust Deed. The Runanganui will conduct
Q. What will Trust Deed Review process cover?
A. The review process has the capability
to cover all aspects of the Trust
Deed and its operation, and consider what is working or not working well.
Consideration can include:
• the current structure of Te Runanganui
o Ngati Porou
• the day to day running of the Runanganui
• relationships between the Runanganui
and its subsidiaries, Toitu Ngati
Porou and Ngati Porou Holding Company.
• the 14 elected representatives (including
the noho kaenga structure)
• provisions relating to those living outside the rohe
Updated 2017 Trust Deed Review Process Schedule
|January to May||Consultation with Ngati Porou and call for submissions.The Review committee will|
hold hui within the Ngati Porou rohe and major centres including Auckland, Hamilton,
Hawkes Bay, Wellington and Christchurch.
|June to August||Review Committee to review submissions and feedback.|
|September||Review Committee to present recommendation to Board.|
|October||Prepare Review Report for November AGM.|
|25th November||The Trust Deed Review report will be presented at the TRONPnui 2017 Hui a Tau in the morning. In the afternoon, a Special General Meeting will be held to consider the Special Resolution of Members that pertains to the Trust Deed Review.|