Audit of the Ngati Pahauwera Development Trust
Please note, this petition is intended for a specific group, namely the registered voters of Ngati Pahauwera, New Zealand. The petition will be invalid if signatures of non-registered peoples are recorded. Thank you.
To the voting population of Ngati Pahauwera
The concerns outlined in this resolution were dismissed when presented to the Pahauwera Trust. In accordance with section 12.3.2 of the Deed of Trust for the Ngati Pahauwera Development Trust, we require the written request from ten percent of the adult population of Ngati Pahauwera in order for this issue to be heard at a special general meeting. There are approximately 7,500 registered Pahauwera members, so we will need at least 750 signatures for this issue to be considered.
If you read the following resolution, it will be clear that this is an issue of great importance and must be addressed.
Resolution as follows:
This resolution calls for the current Chairman of Ngati Pahauwera Commercial Development Ltd to resign from the position of Chairman of Ngati Pahauwera Commercial Development Ltd, and to resign from the position of Director of Ngati Pahauwera Commercial Development Ltd.
The resolution also calls for the remaining Directors of Ngati Pahauwera Commercial Development Ltd. to stand down as Directors of Ngati Pahauwera Commercial Development Ltd. pending the investigation and implementation of recommendations from an independent audit to be carried out on the procedures, transactions and practices of Ngati Pahauwera Commercial Development Ltd.
This resolution is deemed necessary because of loss of confidence in the Chairman and Board of Ngati Pahauwera Commercial Development Ltd. for a number of (but not necessarily restricted to the following) reasons:
• The large amount of Ngati Pahauwera settlement funds ($4,000,000 +) that has been invested on the stock exchange without any prior consultation or discussion with Ngati Pahauwera beneficiaries.
• Concerns about the expressed possibility of investing another $4,000,000 of Ngati Pahauwera settlement funds on the stock exchange.
• Lack of progress in developing other areas of “Economic Prosperity” as set out in the 5 year Strategic Plan eg. “Co-ordination with non-Pahauwera owned land in the core area.”
• Poor planning, poor execution, poor communication, and lack of accountability in relation to the kumara-growing project. No project plan or project report has ever been presented. The project lost more than $20,000.
• Poor planning, poor business practice, poor governance, lack of demonstrated due-diligence, poor communication, and lack of accountability in dealing with the lessee of Rawhiti/Omahara Stations who has consistently breached the terms of the lease, and is 2 years in arrears of his fertiliser application obligations and is constantly in arrears with the rental and debt-repayments, yet has been advanced Ngati Pahauwera loans, and has been granted use of Omahara Station while debts are still outstanding and interest is accruing but not being paid. Rawhiti Station has cost us significant amounts of money and is likely to cost a lot more unless prompt remedial action is taken.
• Inability to provide project plans, SWOT Analysis Statements, Cash-flow Budgets and other vital business tools in relation to share-investments, gravel-extraction, kumara-growing, farming or other ventures.
• Admitted breaches of the Trust Deed in relation to Conflict of Interest regarding matters relating to Paroa Station, and consequent further breaches of the Trust Deed in relation to the insufficiency of unaffected Trustees to form a quorum when these Conflict of Interest situations have arisen.
• Lack of accountability in terms of redressing the above-mentioned breaches of the Trust Deed.
• Inadequate accounting transparency. Eg – kumara-growing expenses were included in the annual report under “Wages”.
We ask for you to sign the following petition in order to have these issues addressed.
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