November 05, 2020
Katene brings kumara economics to fisheries trust
The new chief executive of Te Pūtea Whakatupu Trust says it’s an organisation that can deliver social impact.
The trust was formed to ensure the benefits of the Māori fisheries settlements are spread widely, including to urban Māori.
Its focus has been on tertiary scholarships, especially where they may lead to careers in marine sciences or fisheries, and on network building.
Stanford Business School graduate Te Puoho Katene comes to the role from New Zealand Trade and Enterprise, where he was Māori investment manager.
He says Māori don't see the accumulation of wealth as the measure of success but how that wealth helps to achieve collective outcomes and wellbeing.
"I hold firmly to the whakatauaki, that money is like a kūmara – it has no value outside its ability to feed and sustain people, and I think the Māori business model that is emerging is the perfect example of that," Mr Katene says.
Te Puoho Katene says the trust is also developing a training programme for directors and trustees of Māori organisations.
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