Sharing the love looms large for Maori, bumper Fonterra result beckons, Auckland Council’s lobby interests face clamping

In NBR Print today: As well-managed iwi organisations transform their settlements into strong businesses, the issue of how they share the benefits of their growing income with tribal members looms larger. Should they pay dividends? Should they provide social services? Should they focus on less tangible areas of community well-being? How much should they retain for future generations? Tim Hunter investigates.

Auckland Council’s membership of lobby group the New Zealand Property Council could be terminated, reports Sally Lindsay after talking to mayoralty candidates. Councillor Mike Lee has put a notice of motion to the governing body to scrap the membership and says it is a “glaring in-your-face conflict of interest”.

Fonterra [NZX: FSF] is expected to produce a strong financial result for the first half, in stark contrast to the hardship facing its farmer shareholders. “The results are going to be quite strong, maybe one of the best ones ever,” one analyst tells Jason Walls.

New Zealand companies have been criticised for falling behind the rest of the world in how they report non-financial risk and performance. Calida Smylie talks to International Integrated Reporting Council chief executive Paul Druckman, who says he is surprised New Zealand companies aren’t embracing integrated reporting.

Winston Peters’ intellectual capture of the Labour Party is now virtually complete, writes Rob Hosking in Order Paper. After Labour party leader Andrew Little and finance spokesman Grant Robertson cheerfully endorsed the policy of having the finance minister set retail interest rates this week, the takeover of the Labour Party by New Zealand First’s economic worldview is almost achieved.

Initial research reports on Tegel Foods suggest the private equity vendors have high expectations for the IPO, writes, Tim Hunter in Hunter’s Corner.

The situation that minority shareholders in software company Diligent Corp [NZX: DIL] find themselves in is far from satisfactory, writes Shoeshine.

Investors may not be spoiled for choice when selecting stocks that will perform best over the next 10 years. But at least there are some to choose from that will benefit from growth opportunities, writes Nevil Gibson in Margin Call.

Meridian’s [NZX:MEL] largest shareholder, the government, is getting a double-whammy benefit from its five-year programme to return up to $625 million to shareholders. Jenny Ruth reports.

Among the ground-breaking sections of the Trans Pacific Partnership (TPP), the chapter dealing with the digital economy includes a series of new and important provisions to boost e-commerce. Nathan Smith reports.

The boss of the agency that organises some of this country’s top advertising awards has hit back at critics of this year’s Axis winners, some of whom have gone so far to describe them as the “scam” awards. Chelsea Armitage reports.

All this and more in today’s National Business Review print edition. Out now.

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