Raukawa learns from iwi settlement missteps, sends board to directors’ school

Wed, 27 Jun 2012

By Hannah Lynch June 26 (BusinessDesk) - Ngati Raukawa, which received a $50 million treaty claims settlement, has learned from other iwis’ missteps, sending the board of its commercial arm to ‘directors’ school’ and ensuring they bone up on financial literacy. Earlier this month the Crown signed a Deed of Treaty Settlement for all outstanding historical treaty claims with Raukawa. The settlement included a $50 million commercial redress, part of which was the value of the 2008 Central North Island Forestry Settlement, a stronger commercial...

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