© Jason Milich Photography
Northland Inc is the Regional Economic Development Agency, encompassing the Regional Tourism Organisation (RTO)
Northland Inc works with a number of strategically important institutions in Northland across public and private sector with common agenda to strengthen, grow and diversify Northland’s economy.
Northland Inc Limited is a Company registered under the Companies Act 1993 and is a reporting entity for the purposes of the Financial Reporting Act 1993 and is also a subsidiary of the Northland Regional Council. The Company is a council-controlled organisation as defined under section 6 of the Local Government Act 2002, by virtue of the Council's right to appoint the Directors. The financial statements of the Company have been prepared in accordance with the Financial Reporting Act 1993 as required by the Local Government Act 2002.
The primary objective of Northland Inc is to provide services for the community or social benefit rather than making a financial return. Accordingly, Northland Inc has designated itself as a public benefit entity (PBE) for the purposes of New Zealand equivalents to International Financial Reporting Standards (NZ IFRS).
Northland Inc is funded by an operational contribution from Council and is project funded through public and private agencies, with central government being the next largest contributor. The organisation has a governance board of five Directors appointed for three years or as otherwise specified from time to time by Council. A Chair is chosen by the Directors. Operational activity is led by the Chief Executive Officer.
Northland Inc has no subsidiaries or joint ventures.
The Statement of Intent is the guiding governance tool and terms of reference of Northland Inc and defines the key performance indicators as agreed by the owner/shareholder (Northland Regional Council). The statement outlines the Directors’ accountabilities to the shareholders for corporate performance.
To learn more, read our objectives