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The decision to cut dividends to iwi shareholders by Sealord
was no surprise to iwi investors,
but they admit the blow was bigger than expected
as they didn't expect to get only crumbs.
Ngati Kahungunu were annoyed with the decision,
but say they saw it coming.
Ngati Porou questions the accountability of the board
and are expecting an explanation.
They say although the amount of the dividends
will be significantly reduced,
AFL are still bound to provide 40% to iwi.
Iwi members also said that now is the time
to come together and be proactive about a solution.