CCOs are organisations in which the council has the responsibility to appoint at least 50 per cent of the board of directors or trustees.
Quayside Holdings Limited (QHL)
Bay of Plenty Regional Council hold a 100% shareholding in Quayside Holdings Limited. Quayside is a responsible and commercially focused investor that aims to deliver sustainable, intergenerational returns. They hold and manage a majority shareholding in the Port of Tauranga Limited. QHL provides long term financial security to Council through a diversified investment portfolio and by ensuring the Port of Tauranga shareholding is managed in an effective and commercial manner.
Toi Moana Trust (TMT)
Bay of Plenty Regional Council has a majority holding in Toi Moana Trust. TMT was established as a financial investment designed to optimise returns on funds that were available for long-term investment and to protect the capital value of the initial investment.