Post Settlement Governance Entity Structure
TRONM – PSGE STRUCTURE:
The Ngati Manawa Group, created after extensive consultation and approval by Registered Adult Members before the signing of the final Deed of Settlement, consists of the following entities. Te Runanga o Ngati Manawa Trust, the governing body that monitors all other entities in the Group.
Ngati Manawa Custodian Ltd a nominee company created to hold properties acquired by the Runanga through the Treaty settlement.
Ngati Manawa Development Ltd, a company created to invest and create wealth for the Group. Ngati Manawa Tokowaru Asset Holding Company Ltd a company created to hold and manage Ngati Manawa’s fishing quota and shares.
Ngati Manawa Trustee Company Ltd a company formed to act as the Trustee of the Ngati Manawa Charitable. Ngati Manawa Charitable Trust administers grants, scholarships and government service contracts.
The Management Service Organisation (MSO) is the operating unit of the Group, responsible for serving the subsidiary entities as well as the Runanga.
CNI Iwi Holdings Ltd, the jointly owned company established to hold the forestry lands returned to Central North Island iwi under the commercial settlement and to conduct the Mana Whenua process.
Election of Trustees
Marae to hold TrusteeElections
1.1 The Trust must work with each Marae to ensure that the Adult Members of each Marne elect up to three Members of Ngati Manawa for each Marne to be Trustees of the Trust in accordance with, and subject to, the terms and conditions set out in Schedule One of TRONM Trust Deed.
1.2 Each Marae must hold a Marae Meeting for the election of each of its three Trustees at which the Adult Members who have selected that Marae as their Marae Electorate or otherwise affiliate with that Marae, as applicable, may vote in the election of any Trustee.
1.3 Every Marae Meeting shall be at a date prior to the annual General Meeting so as to ensure the Trustees. have time to fulfil their obligations under this Deed and the Maori Fisheries Act in relation to every Trusteeelection.
Duty of Trustees
7.1 A Trustee, when exercising powers or performing his or her duties as a Trustee, must act:
(a) in good faith; and
(b) with reasonable care, diligence and skill; and
(c) with honesty and integrity; and
(d) in the best interests of the Members of Ngati Manawa; and
(e) in accordance with the requirements of the Trustee Act 1956 and the law of trusts generally; and
(f) in accordance with the Oath of Allegiance to Ngati Manawa set out in Schedule Five.
7.2 Duties of Trustees
(a) Each Trustee must at all times fully inform (and keep informed) the Members of Ngati Manawa who are affiliated with the Marae, or who have chosen that Marae as their Marae Electorate, that the Trustee is representing, of all matters relevant to Ngati Manawa.
(b) Without limiting the scope of the preceding subclause (a), immediately upon becoming aware that a proposed interest or position of themselves or another Trustee may be questioned by any of the Members of Ngati Manawa or by other Trustee as potentially conflicting with the interests of the Trust, each Trustee is required to notify the chairperson of the Marae they were selected by of that conflict as well as the chairperson of the Trust.
7.3 The Trustees must ensure that:
(a) they act in a manner consistent with the objective and functions set out in this Deed; and
(b) the activities of the Trust are conducted efficiently and effectively; and
(c) the Trust operates in a financially responsible manner, which involves;
(i) prudently managing the Trust’s assets and liabilities;
(ii) prudently managing all Trust Property;
(iii) paying all expenses of the Trust; and
(iv) ensuring any remuneration or other fees paid to the Trustees or any other persons are reasonable, having regard to the relevant duties and responsibilities and the Trust’s financial capability.