July 22, 2015
Waikato Tainui shares out the putea
Waikato Tainui chief executive Parekawhia McLean says solid financial results are allowing the iwi to invest in its people.
The tribe reported an operating profit of $26.1 million and assets of $1.2 billion, up about 10 percent on 2014.
Its commercial arms Tainui Group Holdings and Waikato-Tainui Fisheries paid $12.5 million in dividends.
Ms McLean says as well as the millions it spends on education support, the tribe is finding other ways to spread the benefits of settlement among its people, such as its collective marae insurance scheme.
"We also have some initiatives around our tupuna awa, the river including the launch of an app which was really designed to engage and educate our tamariki in looking after our river. We also launched a dedicated careers website and that is a result of a lot of the partnerships we have with a number of stakeholders" she says.
Parekawhia McLean says there was also $15 million distributed to marae, including $150,000 each as a facilities grant and the balance given on a population basis for distribution by marae for charitable purposes.
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