Tēnā koutou e ngā Rangatira o te motu,
Please find below two important updates regarding upcoming vacancies at Moana New Zealand, and an update from Te Ohu Kaimoana on proposed Government support for Mandated and Recognised Iwi Organisations.
Director Positions Available, Moana New Zealand
Te Ohu Kaimoana (the Māori Fisheries Trust) is seeking interest from qualified and experienced candidates to fill upcoming vacancies on the Board of Moana New Zealand.
Moana New Zealand is the leading Māori seafood company in Aotearoa, owned by iwi organisations and Te Ohu Kaimoana.
It maximises the Māori fisheries assets owned by iwi and delivers growth in sharehold wealth through maintaining a strong seafood business.
Moana New Zealand operates across the entire seafood spectrum from catching, processing and distributing fresh and frozen wetfish products domestically and internationally. It is the country’s leading processor of paua products and operates aquaculture interests specialising in Pacific Oysters.
In addition to its own extensive fisheries operations Moana New Zealand is a 50% owner in Sealord Group Ltd. Directly and through its subsidiaries Moana New Zealand employs more than 450 people throughout New Zealand.
The role of the Board is to provide the leadership, governance, guidance and accountability for the performance of Moana New Zealand in particular, but not limited to:
- Strategy – development, articulation and execution
- Culture – reflective of high performance and high values
- Relationships – consistently meeting customer and stakeholder expectations
- Organisation – effective and efficient; fit for purpose
- Innovation and leadership
- Partnership formation – mergers of interests to create value and realise development opportunities.
The Board is comprised of directors that as a group contain the skills, knowledge and the experience listed below, but not limited to:
- Highly developed Board/Governance experience, including experience in Chairing high-performing Boards
- Strategy, planning and execution; including product to market channels
- Fishing industry knowledge and experience
- Human resources; including superior talent identification, recruitment and retention
- Financial planning, monitoring, capital raising and balance sheet management
- Iwi networks and knowledge of te reo Māori and tikanga Māori
Commercial development (M&A) execution including JV formation and management
For more information please contact Amy Tea via email: email@example.com or phone: 027 435 3000.
Applications close on Friday 29 May 2020 and are to be sent to Amy at the email provided above.
Proposed Government support for Mandated and Recognised Iwi Organisations
Yesterday Te Ohu Kaimoana engaged with Minister’s Hon Grant Robertson and Hon Kris Faafoi in order to gain clarity on whether Mandated Iwi Organisations (MIOs) and Recognised Iwi Organisations (RIOs) will be included as ‘entities’ that will benefit from the Government’s proposals to support businesses during the COVID-19 pandemic.
We have been contacted by some Iwi who have raised concerns about their ability to hold trustee elections and Annual General Meetings in the required timeframes, due to COVID-19.
We wish to ensure that Iwi organisations, particularly those who do not act through a body corporate, are not inadvertently omitted in drafting any legislative amendments to give effect to the proposals, given that many will have the same issues as body corporates who will benefit from the Government’s proposals. We also note that this also applies to most Post-Settlement Governance Entities established as common law trusts.
In summary, the proposed changes are to:
- Give directors of companies facing significant liquidity problems because of COVID-19 a ‘safe harbour’ from insolvency duties under the Companies Act,
- enabling businesses affected by COVID-19 to place existing debts into hibernation until they are able to start trading normally again,
- allowing the use of electronic signatures where necessary due to COVID-19 restrictions,
- giving the Registrar of Companies the power to temporarily extend deadlines imposed on companies, incorporated societies, charitable trusts and other entities under legislation, and
- giving temporary relief for entities that are unable to comply with requirements in their constitutions or rules because of COVID-19.
Te Ohu Kaimoana will provide you with an update as soon as we receive a response from the Government. If you have any questions in the meantime or need assistance or advice on how to hold your Annual General Meeting electronically, please contact us on (04) 931 9500 or via firstname.lastname@example.orgāori.nz
If you have any patai on any matter within the report please contact us at email@example.com or call us on (04) 931 9513.
Noho ora mai rā,