Can it work?
The term “co-governance” has become a lightning rod for polarised commentary and confusion, particularly in relation to the government’s Three Waters reforms. Yet the concept of shared governance is not complicated. My thoughts reflect some decades of experience as director and chairman of a range of entities. Many have involved partnerships and co-governance, among them Sealord, where Māori hold equal shares with a Japanese fishing company. Co-governance has worked positively for Sealord since the 1990s, with benefits to both parties, and such jointly owned and governed businesses are not unusual. Co-governance in business works as long as partners share common objectives – and because objectives can diverge over time, partners almost always have a pre-agreed divorce procedure. So, if it can be positive for business, is it a good idea in other…