GOVERNANCE

Te Ohu Kaimoana's board of directors is responsible for the strategic outlook of the organisation and provides oversight, leadership and a monitoring role to ensure the implementation of the organisation's agreed goals and objectives. Te Ohu Kaimoana is also responsible for appointing directors to its subsidiary companies and trusts. As such, our directors are required to follow a charter of Corporate Governance and best practice, as well as the Code of Ethics outlined below.

Code of Ethics

It is the expectation of the Board to observe and foster high ethical standards, responsible behaviour and act in the best interests of the beneficiaries and stakeholders.
Directors must :

• act with integrity and honesty,
• act in the best interests of Te Ohu, the beneficiaries and its stakeholders,
• use the assets entrusted to him or her only for a proper purpose,
• act with care and diligence and demonstrate reasonableness in his or her decisions,
• demonstrate professional behaviour at all times,
• comply with the spirit as well as the letter of the law,
• avoid conflicts of interest, and
• not engage in conduct likely to bring discredit to Te Ohu.