April 18, 2019
Post settlement entities model good governance
Law firm Chapman Tripp says mainstream New Zealand boards can learn a lot from the way post settlement iwi are governing themselves.
Its annual New Zealand Corporate Governance Trends and Insight report looks at challenges to the shareholder first model that has prevailed for decades, and also shines a light on iwi governance.
Senior solicitor Briar Peat from Ngāti Rangiwewehi says over the past three decades Māori boards have found ways to manage extremely complex problems as well as the high expectations of shareholders.
"In Pākehā boards that aren't working as closely with their shareholders as they could be, if they were to see a post-settlement government entity working more closely with their shareholders, which we see all of the time in the Māori space, they would think that is a better way to engage with Pākehā shareholders," she says.
Ms Peat says Māori boards are taking a long term intergenerational view, and are also more conscious of the taiao or environment as well maintaining Māori core values of manaakitanga, kaitiakitanga and whānau.
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