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TE RUNANGANUI O NGATI POROU
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 management body.
A. It is the legal document that established TRONPnui and empowered it to govern and manage the pre and post-settlement assets on behalf of Ngati Porou. The TRONPnui Trust Deed also sets the mandatory rules for how TRONPnui goes about its business, including:
A. A five year review was built into the Trust Deed. It is common practice for governance entities to review the effectiveness of arrangements set out in their Trust Deeds and to recommend any alterations. In other words, five years gives reasonable time and experience to see if the Deed and TRONPnui structure were working as intended.
The review provides the opportunity for changes and improvements to the Deed to be considered.Providing there is strong support from Ngati Porou, amendments to the Deed will be implemented.
TRONPnui Trust Deed Clause 10.1
10.1 After five years from the date of the election of the First Elected Representatives, Te Runanganui o Ngati Porou shall undertake a review of this Trust Deed and its operation with a view to reporting to the next Annual General Meeting of Te Runanganui o Ngati Porou after the completion of the review on the effectiveness of the arrangements set out in this Trust Deed. Such report shall include recommendations as to the alterations (if any) that shall be made to this Trust Deed.
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 that review.
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 ("the effectiveness of the arrangements"). See Review Considerations.
A.
