About Tupu Tonu
Our Core Values
The values of Tupu Tonu inform our practices and underpin our operating principles. They create a shared understanding of how we relate to one another, guide investment decisions, and ultimately reflect cultural values.
Acting in the spirit of stewardship
Leading by example
Investing with care
Energising and motivating
Ka ahuahu mātou i ngā rawa nei hei whakatupu i a Ngāpuhi me ōna ahunga.
We will carefully nurture this investment to grow the future for Ngāpuhi and their descendants
Tupu Tonu will make investments to build a commercial portfolio of assets to enable distributions to Ngāpuhi in the short-term and to establish a strong intergenerational investment portfolio.
Click here to view the Tupu Tonu Strategic Framework.
Geoff Taylor is a professional director with extensive governance experience, and a significant background in financial, investment and fund management. He has managed a private equity fund in the agriculture sector and has been a director of a number of investment funds. He is a former group treasurer of the New Zealand Dairy Board/Fonterra.
Board and Governance
Tupu Tonu has a five member Board.
Sir Brian Roche, Establishment Chair
Sir Brian Roche has been appointed as the Establishment Chair of Tupu Tonu for a period of six months. He is currently Chief Crown Negotiator for Ngāpuhi, and Chair of the New Zealand Transport Agency. He has worked on a number of other negotiations for the Crown (Ngāti Awa, Taranaki Whānui Wellington, Waikato River), and was the CEO of New Zealand Post between 2010 and 2017. Sir Brian was the Project Manager for the successful bid to secure the hosting rights to Rugby World Cup 2011.
(Ngāpuhi, Ngāti Porou, Te Aupōuri, Ngāti Kahu)
Ripeka Evans is a Māori Development consultant, and Chair of NorthTec. She is also Deputy Chair of Toi Ohomai Limited, and a member of the Reserve Bank’s Te Ao Māori Strategy Committee, and has previously been a director of Te Aupōuri Fisheries and trustee of Te Rūnanganui o Te Aupōuri. She holds a Master of Business Administration from Massey University. Ripeka has led transformational change for Māori and women, as a consultant, Chief Executive and Director across Crown, iwi and hapū social, cultural and economic development businesses.
Lindsay Faithfull is the Managing Director of McKay Ltd, a Northland-grown, 500 employee strong company owned by his family. He holds a BE(HONS) from the University of Canterbury is a chartered engineer in the UK and NZ, and is a member of the Institute of Directors. Lindsay also has a proven record of commercial leadership recognised in his position as a member of the Tai Tokerau Northland Economic Action Plan governance team. Raised in Whangārei and of Ngāpuhi, English, and Scottish descent, he has a deep connection to Te Tai Tokerau and its communities, and a strong understanding of the region’s economic context.
Sarah Petersen is a Chartered Accountant with finance executive and governance roles in not-for-profit, education, local government and property development. Sarah is experienced in assessing investment, infrastructure and economic development opportunities and managing risk, having chaired Audit & Risk Committees in previous governance roles. She was raised, educated and lives in Tai Tokerau, and has recently completed her term as Chair of Northland Inc, Northland’s economic development agency, so brings a deep understanding of the Tai Tokerau economy and regional stakeholders. Sarah currently holds director roles in local government, investment and education.
Role of Tupu Tonu in supporting the Crown toward Treaty negotiations with Ngāpuhi
The Ngāpuhi negotiations have several unique factors which justify a novel approach:
Ngāpuhi are the largest iwi and settling their Treaty of Waitangi claims is a key Ministerial priority.
The existing Crown assets in the Ngāpuhi rohe are limited.
Whilst Ngāpuhi claims remain unsettled, opportunities to purchase assets and potential gains are being lost.
Tupu Tonu is looking to preserve a space for Ngāpuhi within certain sectors so that as part of their negotiation, Ngāpuhi can make an informed decision about whether to participate in these sectors.
Tupu Tonu has no formal remit to engage with ngā hapū o Ngāpuhi on Treaty negotiation matters
During negotiations the Crown, through the Chief Crown Negotiator, intends to offer assets acquired by Tupu Tonu as commercial redress to ngā hapū o Ngāpuhi.
At this point, ngā hapū will have the choice to include some, all or none of the assets held by Tupu Tonu as part of their commercial redress, subject to any overlapping interests being addressed to the Crown’s satisfaction.
Any investments made by Tupu Tonu will be held by Tupu Tonu until such time as they transfer as part of Treaty negotiations. The Crown intends that any assets that are not acquired in Treaty negotiations will be liquidated.
Tupu Tonu has no control over how and to whom any of its assets will be transferred through Treaty negotiations. The assets which could be transferred to a PSGE, is for the Crown and ngā hapū o Ngāpuhi to agree during negotiations. To retain flexibility regarding the eventual ownership of assets, Tupu Tonu is ensuring that it reflects this in its contract and partnership arrangements from the outset.
One option is for ngā hapū to acquire all the shares and assets in Tupu Tonu, and with it the commercial capability, expertise and networks that have been built up over time.