The principal objective of Kordia Group Limited and its subsidiaries is to be a commercially successful business. Kordia is wholly-owned by the Crown but is not part of the public service. We are a state-owned enterprise (SOE), a commercial entity. Our shareholders are the Minister of Finance and the Minister for State-Owned Enterprises, on behalf of the Crown.
Increasing the value of shareholder investment shapes our business strategy. Business policies are designed to maximise the net present value (cash inflows over time, minus cash outflows) of future earnings, based on a long-term perspective of those earnings.
Although we are an SOE, we operate as a commercial entity with the purpose of making a profit.
The Kordia board have oversight of three committees: Audit & Risk, People & Culture, and Health & Safety.
Every year, Kordia publishes an updated Statement of Corporate Intent, Interim Report and Annual Report. Copies of these reports can be downloaded here.