The Cook Islands Investment Corporation (CIIC) is a statutory Corporation of the Cook Islands Government. CIIC was established in 1998 through the Cook Islands Investment Corporation Act 1998 to manage Crown assets including Government land, buildings and interests on Rarotonga and the Pa Enua (outer islands), and governance of Crown enterprises (subsidiaries, associates, SOEs and Crown Controlled Entities) on behalf of the Crown..
“Te au apinga puapinga te ka tauturu I te iti-tangata Kuki Airani.”
“Quality assets that serve the Cook Islands people”
For more information on CIIC’s vision and its link to the Cook Islands Government National Vision, please click on this link; Vision.
CIIC’s vision is a very wide remit, therefore has a vast scope of responsibilities and contributes in a number of ways to the National vision and national development.
In achieving our vision CIIC separates our business into two equally important elements or functions, as outlined below, with their respective purpose:.
1) Crown Enterprises: Lead governance, oversight and development of Crown enterprises for the effective delivery of services to the Public and ensuring the sustainable improvement of the standard of living for all Cook Islanders, and
2) Asset Management: Lead the effective management, development and maintenance of Crown assets for the effective delivery of services to the Public and ensuring the sustainable improvement of the standard of living for all Cook Islanders.
For more information on CIIC’s State Owned Enterprises function, please click on this link; Crown Enterprises.
For more information on CIIC’s Asset Management function, please click on this link; Asset Management.
The Minister responsible for the Cook Islands Investment Corporation is the Prime Minister, the Honourable Mark Brown. For more information on CIIC’s Board and Management, please click on this link; Responsible Minister, Board and Management.
The above Organisation Chart outlines a considerable number of entities across the Group and for more information (including website links, Directors, Chief Executive / General Managers and a very brief summary) of each entity within the CIIC Group, please click on this link; Crown Enterprises.
The CIIC Group has a portfolio of assets (book value) of approximately NZD$400 million, with a broader responsibility well over this value, including a number of large infrastructure projects currently being progressed. The financial statements of the Group have been prepared in accordance with and comply with International Public Sector Accounting Standards (IPSAS) with a financial year end of 30 June. The consolidated financial statements are presented in New Zealand dollars.
If you require further information on the CIIC Group, please do not hesitate to contact us via phone +682 29391 or email: email@example.com