Whanau Observer: Statutory Management

In my opinion our Chair must now act decisively because

(A) Te Kauhanganui Parliament its members and Te Arataura the sub-committee executives are so intrinsically linked with the business and affairs of Waikato-Tainui Incorp and

(B) the annual financial report for the purpose of preserving the interests of Waikato-Tainui beneficiaries has not been declared/made available – enabling the affairs of Te Kauhanganui Incorp to be dealt with in a orderly manner.

I therefore, propose the following recommendations to deal with our current situation commensurate with the exit strategy discussed previously! Both options before us are designed to operate with minimal involvement from the High Court (final option).

  1. Statutory management – appointment of an external manager (interim) to oversee the affairs of its executive arm Te Arataura A statutory manager will exercise wide powers to resolve the difficulties currently faced by our Incorporation well into the future by applying a wide reaching moratorium – without the need for a members vote.

    OR:

  2. Voluntary administrator (interim) – appointed privately by Te Kauhanganui to maintain control over the affairs of Te Arataura ensuring a better return to its beneficiaries. Voluntary administrators play dual roles to facilitate a meeting of all parties and to investigate the business. (A) The administrator will facilitate the best way forward for the future course of Waikato-Tainui and (B) hold a watershed meeting so Te Kauhanganui can resolve whether it’s in their best interests to enter into a deed arrangement.

Big thanks to Whanau Observer for the wonderful feedback!

Advertisements

7 Comments (+add yours?)

  1. Tai-Rau
    Sep 09, 2011 @ 19:47:49

    Whanau observer if you so concerned then take it to court yourself. Look like you know what to do so why wait for chairman? Anyone can do it so dont talk about it do it.

    Reply

  2. whanau observer
    Sep 11, 2011 @ 12:15:23

    Thank you for your observations I hear what you’re saying are you willing to fund this move?

    Reply

    • whanau observer
      Sep 12, 2011 @ 15:22:34

      An Open Letter to our Tainui Champions
      Dear Ezekiel, Eraka and whanau,
      Are we asking ourselves the right questions regarding the information available to us?
      Consider our future probabilities/ implications pre-post High Court action.
      Consider available pathways to the High Court?
      Caraf Farms – was initiated by investors through the normal process?
      Aorangi Securities Ltd and Hubbards – Statutory Management vs. the Securities
      Commission SFO – was initiated by one investor/one letter to our Prime Minister Hon John Keys!
      Consider the future of our people Waikato-Tainui?
      Consider our future business environment pre-post High Court?
      Consider the loss of our total asset base, lands, businesses, Trusts and importantly our skilled whanau working at the frontline!

      To summarise, who has done the hard yards to catalogue the evidence this past year, and is familiar with all the legal details which would be very helpful in initiating an investigation. Let’s devise an action plan we can all live with…then we will do it.
      Nga mihi nui

      Reply

  3. Ezekiel
    Sep 11, 2011 @ 16:49:27

    The way things are going at the moment, I think legal aid reps would love to assist especially as they know Chen Palmer are involved. Alternatively, an application to WRLT and or Ms McLean for a special grant should suffice. Either way, lodge it with the courts. Im hoping there will be a flood of applications in support of TKI’s High Court action against ALL those involved in this unforgivable, elitist evil and blatant pillaging and theft of our money…aue.

    Reply

  4. Ezekiel
    Sep 15, 2011 @ 19:50:17

    Ae, tautoko Whanau Observer. Waea mai ki ahau.

    Reply

    • whanau observer
      Sep 18, 2011 @ 10:03:17

      Sometimes it’s difficult to see a clear path ahead when the signposts are designed to promote/ perpetuate one story, one way of doing things. Are the state asset deals… now off the table? The announcement this week by the Te Arataura chair to seek “new venture deals off shore” certainly changes the tune somewhat!There are Waikato-Tainui whanau who clearly see …the game plan!
      Our elections for marae representatives are nearly upon us again. Is this time to change the playing field entirely? I believe that … we are entering the participation age, where every person, is poised to be a contributing and valued member of our iwi. There’s still plenty of time. This campaign has to be about grassroots – you – me – our whanau – Remember that!
      These aren’t just words. They are the fundamental principles of how we’re going to build the campaign organisation for our future. And, how we see the massive special interests aligned against us. There is no us or them there is only us. We are an iwi who are renowned for our spirit of inclusion and opportunity for all.
      The big challenge we face in these early years of the 21st century is how to grow our economies. But that great, global dream cannot be realised by tinkering around the edges of reform. Nor, can it be secured though any singular commitment on the part of us here. It requires, rather, a fundamental transformation to ensure shared prosperity for our country and all our people.

      Reply

  5. Samantha Jones
    Jan 24, 2013 @ 19:41:17

    INTERESTING … TO GET KNOW MORE ABOUT TRIBAL DEVELOPMENT OR OTHER SOCIAL WORK IN NEW ZEALAND VISIT http://whanau.biz/main.html

    Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: