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October 12, 2015
Aotearoa Fisheries casts net for directors
Waatea Team
Posted On October 12, 2015
The hunt is on for directors to fill two vacancies on the board of the country’s leading Maori seafood company, Aotearoa Fisheries Limited.
Te Ohu Kaimoana chief executive Peter Douglas says the trust is looking for directors who not only have proven experience in the fishing business but also who have an understanding of the aspirations of iwi organisations in the industry.
AFL is owned by iwi and Te Ohu Kaimoana and operates across the entire seafood spectrum, catching, processing and distributing fresh and frozen wet fish and lobster products domestically and internationally.
The new directors will be coming into an organisation that is struggling to get the value expected out of its biggest investment, a half share in Sealord Group, which recently exited a disastrous foray into the South American hoki fishery.
There could also be bumpy water ahead as decisions are implemented from a 10-year review of Maori fisheries settlement structures, when iwi decided they should take the 20 percent of income shares and 100 percent of voting shares now held Te Ohu Kaimoana.
Once that change is made, a new process for picking directors will need to be developed.
Applications close October 23.
Copyright © 2015, UMA Broadcasting Ltd: www.waateanews.com
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