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Hui-a-Tau minutes March 2021
TE OHU KAI MOANA GROUP HUI-A-TAU (ANNUAL GENERAL MEETING) MARCH 2021
Directors Present:
Te Ohu Kai Moana Trustee Limited:
Rangimarie Hunia (Chair), Tā Mark Solomon, Selwyn Parata, Paki Rawiri, Alan Riwaka, Kim Skelton, Maru Samuels, Bella Takiari-Brame
Te Wai Māori Trust Trust:
Pahia Turia (Chair) Te Putea Whakatupu Trust: Kate Cherrington (Chair) Aotearoa Fisheries Limited (Moana New Zealand): Hinerangi Raumati-Tu’ua (Chair) Sealord Group Limited: Whaimutu Dewes (Chair)
In Attendance:
Steve Tarrant (Chief Executive, Moana New Zealand), Doug Paulin (Chief Executive, Sealord), Lisa te Heuheu (Chief Executive, Te Ohu Kaimoana)
The meeting opened at 9.00 am Mihimihi/karakia
Selwyn Parata, Director, Te Ohu Kaimoana
Introduction to the day
The Chair of Te Ohu Kaimoana, Rangimarie Hunia, opened the meeting and outlined the agenda. The Chair reflected on the year and acknowledged that COVID-19 was an issue for iwi, hapū, marae and whānau and acknowledged the efforts to keep the community safe. The Chair acknowledged the work of the team to keep the staff safe across the Kāhui.
The Chair noted the Mōtītī Island case and advised that there was potential for regional councils to control the ability of fishing through the Resource Management Act (RMA) and that this could adversely impact Māori customary fishing and had the potential to create divisions in the community. The Chair advised that at the Special General Meeting a resolution was passed unanimously that Te Ohu Kaimoana would lead any legal action against regional councils who proposed to control fishing under the RMA. It was noted that with a sole Labour government, there was intensive strike at the heart of the iwi. It was advised that the Board meet with Minister Parker and that the Minister attended all Board meetings. The Chair advised that Te Ohu Kaimoana signalled its desire to progress the amendments to the Māori Commercial Aquaculture Claim Settlement Act 2004. It was noted that in early December 2020, the Act had the first reading and went to the select committee, and it was anticipated that the Act would pass this year. It was noted that work had been undertaken with the Government on the Māori Fisheries Act 2004 process and there was a high chance the amendments would pass soon. It was noted that engagement with iwi would be undertaken to ensure that iwi knew what changes were happening and all concerns were well understood and heard.
It was noted that regarding Rangitāhua, Te Ohu Kaimoana was working in partnership with the Government under a working group, and assurances were provided that the rights and interests of iwi would be maintained.
The new Mātārae (Chief Executive) of Te Ohu Kaimoana, Lisa te Heuheu, was introduced and welcomed. The mahi of the departing Mātārae, Dion Tuuta, was acknowledged.
Te Ohu Kai Moana Trustee Limited
The Chief Executive, Lisa te Heuheu advised that she was six weeks into the role and was excited about the future. Lisa thanked Dion Tuuta for the legacy left behind.
122 The Chief Executive of Te Ohu Kaimoana provided an overview on each of Te Ohu Kaimoana’s priorities. The Chief Executive provided an update on the financial performance and position of the group and noted that the investment portfolio income earned was down in 2020 due to COVID-19. It was noted that there were slightly higher costs as a result of an additional full-time equivalent (FTE) in 2020. It was noted that the key focus for the remainder of the year was the relationship with government and ministers, and most importantly this year, there would be local and regional visits to iwi.
Te Wai Māori Trust
The Chair of Te Ohu Kaimoana thanked Pahia Turia for taking on the role of the chair of the Te Wai Māori Trust and welcomed the new trustees and alternate directors.
The Chair of Te Wai Māori Trust, Pahia Turia, provided an overview of the changes to the board and the developments over the last year. Ken Mair was acknowledged for his leadership of the Trust over the last eight years. It was noted that from March 2020 to February 2021, Lisa te Heuheu took over as Chair of the Trust. Pahia noted that he was appointed as Chair when Lisa was appointed as Chief Executive of Te Ohu Kaimoana. The mahi and continued support from the directors and staff was acknowledged. Miria Pomare was acknowledged for the mahi undertaken.
It was noted that the Trust developed a response to the Minister of Conservation regarding whitebait. It was advised that the Trust supported the goal to restore healthy whitebait populations. However, it was noted that in the proposed changes, there was a disregard of catch limits, habitat, water quality and lack of data to inform the proposed changes. It was noted that a series of short documentaries had been developed and were available on the Te Wai Māori Trust website.
It was noted that the 2021 Te Wai Māori Conference was postponed to November 2021 in Taupō. Pahia Turia announced the appointment of Donna Flavell and Rawiri Faulkner as directors and Maria Nepia, Ian Ruru and Erina Watene-Rawiri as alternate directors.
Te Pūtea Whakatupu Trust
Kate Cherrington, Chair, advised that Matua Norm Dewes had been released as trustee and acknowledged his leadership, knowledge and wisdom over the last four years. The Chair provided an overview of the priorities of Te Pūtea Whakatupu Trust. It was noted that an organisational review had been undertaken and a new operating model had been developed. The Chair advised that the four strategic priorities for Te Pūtea Whakatupu remained: strong and resilient taitamariki, proud and connected Māori, a safe and healthy tikanga-led Māori fisheries industry and Māori educational and economic growth. The Chair advised that the focus for 2021 was on advocacy. The Chair advised that the Board comprised Awerangi Tamihere, Maria Ngawati and Tatiana Greening. The Chair acknowledged Te Pūoho Kātene and Lynda McGregor for their roles and mahi within Te Pūtea Whakatupu. The Chair thanked the key partners for their support.
Questions and Answers
The Chair of Te Ohu Kaimoana, Rangimarie Hunia, opened the floor to questions. As there were no questions, the Chair put the following motions to the meeting.
Motions
1. Approve the minutes of the 2020 Annual General Meeting (Hui-ā-tau) 2. Approve the minutes of the Special General Meeting 3. Approve the annual report of Te Ohu Kai Moana Trustee Limited 4. Approve the appointment of auditors and authorise the directors to agree to the auditors’ remuneration
Moved Danny Loughlin (Ngāti Tūwharetoa). Seconded Maramena Vercoe (Te Rūnanga o Ngāti Manawa).
CARRIED
Aotearoa Fisheries Limited (Moana New Zealand)
Chair of Aotearoa Fisheries Limited, Hinerangi RaumatiTu’ua, acknowledged how challenging the year had been and thanked the chief executive, senior leadership team and wider team for navigating the organisation through the challenges of COVID-19. Hinerangi acknowledged the retirement of Jamie Tuuta and Whaimutu Dewes and welcomed Mavis Mullins and Glen Hawkins to the Board. Hinerangi advised that the values of Moana New Zealand were whakapapa, manaakitanga, kaitiakitanga and whakatipuranga. Chief Executive, Steve Tarrant provided a review of the financial year 2020/21 and highlighted the following points: › They are working towards zero harm and the three identified risk areas: height, guarding, human/ machine interface.
› There had been a 23% reduction of personal harm. › During COVID-19, the goal was to retain employment of people and support them. › In 2020, the Group achieved $5.7 million net profit after tax and a dividend of $8.8 million to shareholders.
› Shareholders’ equity continued to rise, and debt levels were reducing over time. › The focus for 2021 was to stabilise and re-energise. › He acknowledged the commitment and sacrifices of all the Moana staff and the management team. › Although the year-to-date performance looked favourable, there was caution regarding upcoming expenses. › The Group was expected to achieve on or above budget at the end of the year Steve acknowledged the Board’s support to the management team over the year.
Sealord Group Limited
Chair of Sealord, Doug Paulin, provided an update on the 2020/21 financial year and key priorities for 2021/22, and highlighted the following points: › A 40% dividend paid out on operating net profit after tax of $32.9 million, despite COVID-19 › Preparation underway to prepare for markets post
COVID-19
› Work underway to develop a Petuna growth plan › Roll out of people-focused programmes, including an engagement survey action plan › Rolling out of an online communication strategy › Hoki catch remained unsold and work was underway on incremental sales options › Currently global pricing pressure › Feeling wholesale pricing pressure of salmon in
Australia
› Labour shortages impacting both vessels and Nelson factory for hoki season › Global supply chain was under pressure with ports closing and vessels not coming to New Zealand › Packhouse 12 China export approval under action by MPI › Squid season for 2021 continued to be poor › Positive start to the 2021/22 financial year; however, mostly driven from carry over inventory from 2020/21 financial year Questions and answers
The Chair of Aotearoa Fisheries Limited opened the floor to questions. As there were no questions, the Chair put the following motions to the meeting:
Motions
That the controlling shareholder, Te Ohu Kai Moana Trustee Limited, approve the annual report of Moana New Zealand for the year ended 30 September 2020. That the income shareholders:
› Appoint Deloitte as auditor of Moana New Zealand to: – Hold office from the conclusion of this meeting to the conclusion of the next Annual General Meeting – Audit the Group’s financial statements for the accounting period 1 October 2020 to the next meeting – Authorise the directors to fix the auditors’ remuneration for the ensuing year. Moved Ngāpuhi. Seconded Pauline Tangohau (Te Arawa Fisheries).
CARRIED The Chair of Te Ohu Kaimoana Trustee Limited acknowledged the commitment of the wider kāhui during these challenging times, and the resilience that was shown was acknowledged.
