Media Release

Indigenous investment – Growing with Governance Forum

EWM Group was one of 20 invited representatives to attend the Indigenous Business Australia (IBA) forum. The forum brought together 20 Indigenous organisations from across Australia to share their ideas and experiences in the pursuit of developing a common set of Indigenous investment principles.

Indigenous Business Australia (IBA) is bringing together representatives from over 20 Indigenous organisations from across Australia to share their ideas and experiences in the pursuit of developing a common set of Indigenous investment principles.

IBA CEO Chris Fry is excited by this Indigenous led and owned initiative which builds on the momentum of initial Pathways to Prosperity forum in December 2013.

“The forum is fortunate enough to again receive the assistance of David Murray AO who was the inaugural chair of the International Forum of Sovereign Wealth Funds that developed the Santiago Principles, which represent a best practice approach to the operation of Sovereign Wealth Funds,” Mr Fry said.

There were a range of representatives of Indigenous organisations from all states and territories across Australia attending the forum including, Kimberley Land Council, NSW Aboriginal Land Council, Yamatji Marlpa, Torres Strait Regional Authority and Tasmanian Investment Corporation.

Also participating were key figures such as Marcia Langton (leading Indigenous academic) and Ian Ward-Ambler (Director of Voyages Indigenous Tourism).

Participation in these forums has prompted APN Cape York Board member Bruce Martin to think more broadly about promoting and encouraging investment into Indigenous communities.

“It’s important to better understand the ways in which Indigenous organisations can best harness market forces to grow confidence and encourage investment in Indigenous communities,” Mr Martin said.

IBA is committed to facilitating the development of these principles through to implementation as it is such an important initiative for Indigenous organisations to ensure that they are providing a sustainable economic future for their communities.

IBA believes that the Indigenous Investment Principles – developed by and for Aboriginal and Torres Strait Islander people – will help to build momentum for long term sustainable investment, underpinned by strong governance.

“This is critical as we continue to see an increase in native title settlements, and resulting access to capital for many Indigenous communities,” Mr Fry concluded.