Our Group Structure In Detail
Each entity in the Group has a clearly defined role – with a charitable entity, commercial entity, fisheries entity and a custodian company.
We have summarised below the role and purpose of each of the entities along with its governance, which is summarised in the diagram showing the structure of the Group and how the entities relate to each other. Underneath the Group structure diagram is the structure of the Rūnanga office showing the roles and their functions.
TE RŪNANGA O NGĀTI MUTUNGA
The parent entity of the group established in 2006 and mandated by a Charter which was amended in 2020. Five Kaitiaki (with provision for up to seven) are elected to the Rūnanga to be responsible for dealing with all matters relating to the iwi except cultural matters.
The goals and activities of the Rūnanga are managed by the office, led by our Pouwhakahaere.
NGĀTI MUTUNGA COMMUNITY DEVELOPMENT TRUST (TE WHIRINGA)
Te Whiringa is a registered charity established in 2007 and responsible for the social and cultural development of Ngāti Mutunga, including administration of our grants programmes to iwi members and delivery of our wānanga programme. It is governed by Kaitiaki appointed to the Rūnanga with the support of Associate Kaitiaki.
The trust is also the owner and developer of our iwi urupā. Administrative support is provided by the Rūnanga office.
TE POU HERENGA PAKIHI LIMITED PARTNERSHIP
Our commercial entity set up in 2017 to create value by aggregating our commercial assets and utilising the skills of our commercial board. There is an Investment Governance Policy in place setting out the investment policy and delegations agreed with Rūnanga Kaitiaki.
Three independent Directors govern the entity, with administrative support provided by the Rūnanga office for the first part of the year and then transitioning across to Koau Capital Limited.
MARUEHI FISHERIES LIMITED
The company was set up in 2006 to receive the iwi share of the 1992 Māori Fisheries settlement and administers the leasing of inshore and deep sea fishery quota. The Directors of Te Pou Herenga Pakihi LP are also the Directors of Maruehi Fisheries Limited.
NGĀTI MUTUNGA CUSTODIAN TRUSTEE COMPANY LIMITED
This company was set up to simplify the administration of our assets held previously on behalf of the Group by Rūnanga Kaitiaki, by transferring them to our own custodian trustee company.
The custodian trustee company is a ‘bare trustee’ – so it holds assets on behalf of the Group but is only able to act on direction from the Rūnanga.
The custodian trustee company holds the Rūnanga’s partnership interest in Te Pou Herenga Pakihi LP (as General Partner through Ngā Kai Tautoko Limited), shares in Maruehi Fisheries Limited and all of treaty settlement properties returned to the Rūnanga on behalf of the iwi.
AUDIT AND RISK
An Audit & Risk Sub-committee was set up in 2019 comprised of representatives of the TRoNM and Te Pou Herenga Pakihi LP boards. The current representatives are Gina Blackburn and Rohan Matuku.
The sub-committee is to assist the Board with managing the business risks of the Group and to ensure that we efficiently comply with relevant legal and company policy requirements with regard to internal and external audit functions and risk management.