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Ngati Whakaue Tribal Lands Inc

Category: Organisation
Date: 1960
Sub Category:Incorporated Association
Place:Rotorua
State/Country:Aotearoa - New Zealand
URL: http://www.ngatiwhakaue.iwi.nz/trusts/nwtli.html
Summary Information:
According to its website (c2005), the purpose of Ngati Whakaue Tribal Lands Inc (the Incorporation) is to:
  • maximise shareholder wealth;
  • safeguard and improve customary lands; and
  • benefit its shareholders and beneficiaries and increase their opportunities in life.

    The Incorporation operates four farms. Commercial ventures of the Incorporation have included sheep and beef farming, dairy, forestry and horticulture, as well as a rental business, and tourism.

    The Incorporation is owned through a closed shareholding system consisting of 1.5 million shares held by 4,250 shareholders. These shares can only be sold, gifted or willed to other shareholders or to direct descendants of a previous shareholder.

    A Management Committee of seven persons is elected by shareholders.

    The Incorporation is a party to the Ngati Whakaue Deed of Agreement.


  • Related Entries

    Agreement
  • Ngati Whakaue Deed of Agreement - Signatory

  • Glossary

    Incorporated Association

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