Our Forestry Investments
Our Investor Protections
When you invest in forestry with Forest Enterprises, you become a joint owner (together with your fellow investors) of a block of land plus the treecrop being established and grown on the land. Your participation is as an investor.
The investment structure ensures that investors' retain control of the investment at all times and that no material changes can be made without Investors' approval.
Forest Enterprises, as Forest Manager and Administrator ensures that your investment is protected, the forest activity is undertaken to the highest standards, and that you are kept fully informed on all matters. Key elements of the investor protection regime covered in this section are
Trustee
and Supervisor
Financial Audit
Forestry
Audit
Regular Reporting
Forest
Visits and Informal Meetings.
Trustee and Supervisor
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Trustees Executors Ltd, a leading New Zealand trustee company, is a key component of the investor protections built into our investment structure. Trustees Executors Ltd was formed over 120 years ago and was the first trustee company in New Zealand. It's ultimate holding company in New Zealand is Sterling Grace (NZ) Limited (formerly known as Sheffield Investments Incorporated (NZ) Holdings Ltd), which is in turn is managed by Sterling Grace Corporation of the United States of America. Sterling Grace Corporation is a private investment company with more than a century of global experience in equity investment, asset and financial services management.
Trustees Executors Ltd -
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oversees and supervises the investment
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holds title to the land in trust for the investors
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holds all investors' money until required for authorized expenditure
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acts as attorney for investors in order to attend to the procedural and statutory aspects of the investment
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appoints directors of the investment companies from their senior management.
Further information about Trustees Executors can be found at their web site - www.trustees.co.nz
Financial Audit
Each
year an independent financial audit is undertaken by
PKF Martin Jarvie, a
reputable New Zealand accounting firm with
international affiliations and
close links to the forestry sector.
PKF Martin Jarvie is part of an association of 150 independent accounting firms active in 114 countries and has been practising since 1941. They also audit the cashflow and financial projections in the prospectus.
Further information on PKF Martin Jarvie can be found in the PDF document below.
PKF Martin Jarvie Profile (1.1MB)
This file has been reduced for the web but is still large
therefore we recommend you download it to your computer. To do this
right-click on the file, select 'Save as' and save to your P.C. When the
download is complete open the saved file. (You will need Adobe Acrobat
Reader to view PDF files. If you need details on how to get Adobe Acrobat
Reader click here)
Forestry Audit
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Each year Forme Consulting Group Ltd undertakes an independent forest audit to ensure the afforestation program is on target, completed to a high standard, and is consistent with industry practice for similar forests.
Forme Consulting Group Ltd also audits the afforestation program and projections in the prospectus.
Forme Consulting is one of New Zealand's leading fully independent forest industry consulting firms. Forme uses the most up to date forestry planning and analytical software and provides a wide range of technical forestry services. Forme staff are all forestry professionals and undergo extensive continuing professional development. All consultants are NZ Institute of Forestry Registered Forestry Consultants.
The company is a member of all major forest industry associations including appropriate Forest Research research co-operatives. You can find out more about Forme Consulting at www.forme.co.nz.
Regular Reporting
Investors receive a comprehensive Annual Report specific to their investment. They also receive regular newsletters to keep them informed on all forestry-related matters and developments within
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Forest Enterprises.
Forest Visits and Informal Meetings
Approximately every three to five years (depending upon the status of the forest), we invite investors to a forest visit and informal meeting. Forest Enterprises explains the work being undertaken and answers any questions.
Investors are also welcome to visit Forest Enterprises and their forest at any time. If we get enough notice, it is often possible to arrange a personal guided tour.