Managing our Affairs Effectively
This strategy ensures that as a Trust Board we are managing our business affairs effectively including: providing sound strategic leadership and governance; that we have efficient management and management systems in place, and that our investment companies are protecting our assets and maximising returns within the context of best practice business ethics and standards.
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Strategic Objectives |
By December 2012 |
By December 2016 |
Funding Source |
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2.1 Governance |
All trustees’ trained in sound governance and tikanga. Review of the Board structure is completed Key governance policies in place and Board running smoothly and proactively. Constitution revamped to meet our needs, including review of representative structure. Communicate in a way that reflects or vision, mission & strategic direction. |
Trust Board well regarded by our beneficiaries for strategic leadership, transparency, and accountability. Board benchmarked favourably against the best iwi organisations in the motu. Representative structure reviewed and in place. |
Internally funded |
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2.2 Management. |
Annual business planning process in place and delivering performance. Strong strategic management and capability High performing happy staff Best practice management systems in place |
Less reliant on dividends for operational costs Professional, eco friendly, high tech workplace and awesome staff culture. Less reliance on external advisers. Safe secure facility for accumulated information |
Dividend Explore new income and funding options |
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2.3 Communication. |
Communication Plan developed and implemented Communication Project evaluated and findings implemented |
Mutually sustainable relationships developed with all key stakeholders. Clear communication channels in place |
Plan internally funded Project self funded |
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2.4 Investments |
Investment Strategy & Policy developed and in operation All investment decisions supported by robust business plans & cases Profitability through trading and prudent investment
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High performing quality investments portfolio with risks effectively managed. Investment portfolio highly diversified with new income streams Directorships reviewed and diversified |
Investment income Treaty settlements |