Group Governance

Role of the Board

According to the Charter of Te Rūnanga o Ngāi Tahu, the role of Ngāi Tahu Holdings Corporation Ltd is to use, on behalf of the Ngāi Tahu Charitable Trust, “the assets of the Trust allocated to the company and prudently to administer them and its liabilities by operating as a profitable and efficient business”.

The Board of Directors is comprised of five non-executive directors, two of whom are Ngāi Tahu and three are independent.

The role of the Board is to exercise due governance over the effective management and guardianship of the assets within the Ngāi Tahu Holdings Group to ensure the businesses can realise profits and efficiencies for the shareholder.

Role of Shareholders

The Board aims to ensure that shareholders are kept informed of all major developments affecting the governance of the Group. Information is communicated to shareholders in the Annual Report, the Annual Ngāi Tahu Holdings Group Profile, monthly reports to representatives of Te Rūnanga o Ngāi Tahu, and annual shareholder meetings.

Risk Management Framework

Ngāi Tahu Holdings Group is required to adopt a prudent approach to the management of the assets allocated to it, thereby minimising risk to its shareholders. The responsibility for Risk Management is delegated to the Audit and Risk Committee.

Company Ethics

In accordance with guidelines established by the New Zealand Securities Commission and to support best practice the Ngāi Tahu Holdings Group has adopted a Code of Ethics.

Legislative Compliance

Ngāi Tahu Holdings Group has a comprehensive compliance framework that monitors and controls legislative and regulatory compliance including:

• Legislative compliance as determined by the Companies Act, for administration, reporting and record keeping of the businesses
• Employment Law
• Occupational Health and Safety
• Fisheries Legislation
• Fair Trading