Buller approves Coast Water shareholder agreement
Buller District Council (BDC) has approved the draft Coast Waters Ltd Shareholders’ Agreement and Constitution.
Buller’s move follows Grey District who approved the documents earlier this week. Westland District would consider the documents at their Council meeting this afternoon.
The Shareholders’ Agreement explains how the councils jointly own and oversee Coast Waters Ltd. It sets out the key decisions councils must approve, how directors are appointed, and how councils work together.
The shareholders, (each council), will operate a Shareholders’ Representative Forum from late autumn. This will provide overarching governance of Coast Waters. It will be made up of the three mayors, two other elected members from each council and a representative from Te Rūnanga o Ngāti Waewae and Te Rūnanga o Makaawhio.
The Constitution establishes Coast Waters Ltd as a legal entity, sets out the company’s scope of activities and legislative requirements, and defines the powers, duties and limitations of the Board of Directors.
BDC also approved a sub‑committee to appoint the initial Board of Directors, to streamline the appointment process. The Council approved an amended recommendation that the sub‑committee be made up of the mayors and Francois Tumahai of Ngāti Waewae as iwi representative. The original recommendation put before them yesterday had also included Paul Madgwick (Makaawhio), but several councillors said they did not feel there was a need for both iwi to be represented on the subcommittee.
BDC chief executive Simon Pickford noted: “The amendment to that recommendation means further discussion will be required between the three councils to finalise the subcommittee recommendation.”
He says there are still a number of steps to go through before Coast Waters Ltd would be fully up and running by 1 July next year.
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For further information please contact:
Community Engagement Team
Buller District Council
Media.Enquiries@bdc.govt.nz
Disclaimer
The information in this media release was correct at time of publication. Changes in circumstances after the time of publication may impact on the accuracy of the information.