Trustees

Crown Forestry Rental Trust has six Trustees, who are appointed by designated Appointors.

• For the Crown - the Minister of Finance as Crown Appointor, appoints three Trustees.
• For Māori - the New Zealand Māori Council and the Federation of Māori Authorities appoint three Trustees.

Trustee powers and duties are defined in the Trust Deed, and broadly include:

• Duties to account for forest rental fees paid to the Trust.
• Duties to report to Appointors.
• Powers to invest rental fees.
• Powers to apply interest income to help Māori claimants prepare, present and negotiate claims that involve, or could involve, Crown forest licensed lands.

Current Trustees

Sir Graham Latimer (Chairman)

Sir Graham is widely regarded as the elder statesman of Māoridom. He led the Māori Council in its most controversial period - the 80s - when it took on the Labour Government over the sale of State-owned assets and won. This led to the establishment of the Crown Forestry Rental Trust.

Successive governments for over 30 years have called upon his counsel on Māori issues.

Sir Graham Latimer is the Chairman and has been with the Trust since its inception.

Ms Angela Foulkes (Crown Trustee)

Angela brings a wealth of public and private sector experience to the Trust.

Angela was the Vice President of the New Zealand Council of Trade Unions for four years from 1987, and then Secretary to 1999.

Angela has been a Crown representative on various Government bodies and is currently the Director of a private consultancy, AJF Limited, which specialises in public policy and communications.

Ms Foulkes has been a Trustee since March 2003.

Mr Alan Haronga (Maori Trustee)

Alan is a chartered accountant and former partner of a major international accounting firm with 20+ years in Canada and New Zealand. Alan's experience developed in the area of buying, selling and repositioning small, medium and large businesses.

Alan maintains a range of directorships in various organisations involved in resource development, change management, business transformation and repositioning, market development and intellectual property development to keep abreast of current business issues both local and international.

As a part of his experience at governance level, Alan has had considerable involvement in the appointment of senior management for both government and private sector organisations. Alan has been a Trustee since 1 July 2008.

Mr Paul Morgan (Maori Trustee)

Paul brings 25 years of significant public, private company, Maori  Incorporation and Trust commercial experience to the Trust. 

Paul has a commerce background and his expertise lies in his national and international network of business relationships, the interface over many years with the New Zealand political system and his experience and track record in negotiations on policy and Maori economic development initiatives. 

He has a commercial background as a professional director with experience in development and repositioning Maori into global markets. Paul has had considerable experience in the employment of senior executives, change management, repositioning and transformation of business and international market development.  He is proactive in keeping abreast of national and international issues. Paul has been a Trustee since June 2003.

Mr Guy Royal (Crown Trustee)

Guy Royal has been advising on commercial and corporate law for almost 18 years in New Zealand, Hong Kong, Vietnam and the United Kingdom. While in the UK Guy worked for CDC Capital plc a private equity fund with over NZ$3 billion in direct investments and lending support to developing nations.

Guy now lives in Porirua with his wife Jen and three children and is currently Managing Director of Tuia Group a professional advisory firm. He sits on the boards of a number of private sector businesses and community voluntary organisations and was previously a Director of New Zealand Fast Forward Fund Limited established to hold and invest NZ$750m for funding research initiatives under the Fast Forward initiative. Guy has been a Trustee since 1 July 2010.

Mr John Wilson (Crown Trustee)

John Wilson retired from the Treasury in 2007 after a long career. In his Treasury career John had latterly focused on State-owned-enterprises, including both privatization and purchase of assets. This work encompassed both use of Crown commercial assets in Treaty settlements, and other Treaty issues arising from the Crown’s commercial asset portfolio. 

John also spent a period working on international financial relations, including a term as an Alternate Executive Director of the World Bank, based in Washington DC. Since his retirement John has been working as a consultant on economic and public policy issues. John has been a Trustee since 1 June 2009.