Social Value Aotearoa recently hosted our Annual General Meeting. During this process we went over key achievements for the year, our financial statements, changes to our Constitution, and the nomination of our new Board.
A warm welcome to our new Board members, Bradley Norman, Jacqui Harema, Danielle Cuthers, and Sneha Lakhotia!
We thank our previous Board member, Jamie Hurikino, for all his work on the Board in the last year.
Please read on for the key updates from our network.
Social Value International Board Report
Our financial statements also show how we have succeeded in making a profit of $21,448 in the last fiscal year, and are looking forward to increasing our return on investment going forward.
We passed several new changes to our Constitution in order to align with the introduction of the Incorporated Societies Act 2022. Please read the specific sections that were passed into the Constitution below.
8.1 The Officers of the Society shall be the Chairperson, Treasurer and the Secretary. At any one time the Committee requires a minimum of 3 members.
8.2 The Executive of the Society shall consist of the Chairperson, Treasurer, Secretary. Officer roles will be decided in the first Board meeting following the AGM.
8.3 At each Annual General Meeting of the Society, elections shall be held to determine who shall be the Officers and other members of the Executive until the next Annual General Meeting.
8.4 An Officer of the Society now includes all committee members.
8.4.1 Officers duties include:
18.104.22.168. Act in good faith and in the best interests of the society
22.214.171.124 Exercise powers for proper purposes only
126.96.36.199 Comply with the Act and the constitution
188.8.131.52 Exercise reasonable care and diligence
184.108.40.206 Not create a substantial risk of serious loss to creditors
220.127.116.11 Not incur an obligation the officer does not reasonably believe the society can perform
14.1 The Society may be wound up in accordance with section 24 of the Incorporated Societies Act 2022.
14.2 If upon winding up of the Society there remains, after satisfaction of all liabilities, any money and/or property shall be distributed to Te Whānau o Waipareira Trust.
16.1 It is expected that all Officers and Executive Members will in non-egregious conduct at all times.
16.2 Egregious conduct includes, but is not limited to:
16.2.1 Making false statements
16.2.2 Fraudulent use or destruction of property
16.2.3 Falsification of documents
16.2.4 Defrauding of creditors
16.2.5 Improper use of ‘incorporated’ or its Te Reo version ‘manatōpu’
16.2.6 Breaching of a banning order
17.1 Dispute and complaint’s defined and honoured under Section 38 of the Incorporated Societies Act 2022
17.2 Dispute and conflict resolution is consistent with natural justice, including:
17.2.1 Right to be heard
17.2.2 Judgement without bias
17.2.3 Understanding and respect for context
17.3 Dispute resolution processes must involve one of the following processes:
17.3.1 Mediation, facilitation, or tikanga-based practice
17.4 If other legislation takes precedence in the case of certain forms of dispute and conflict, the dispute passes on to the dispute resolution outlined in applicable legislation.
If you wish to know more, please feel free to watch the recording of the AGM below. If you have any queries, please don’t hesitate to contact us at firstname.lastname@example.org