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Tainui Group Holdings
Annual Report
2012
large projects. Like all iwi investments, it would be
long term, and all New Zealanders would be the
benefciaries, just as the Waikato and Auckland have
been from TGH’s investments. The country sorely
needs large local investors, as ongoing debates over
foreign ownership reveal.
If I look back on the ten years I have served as
Chairman of the Board, my overwhelming feeling is
one of huge admiration for the people I’ve worked
with – my fellow Directors, the management team, our
staff, business partners, customers and suppliers.
It is not possible here to name them all, but I’d like to
sincerely thank everyone with whom I have worked in
my capacity as TGH Chairman.
It is my hope that
ontinues to produce
directors capable not only of sitting on their own
commercial board but who can also at the same time
operate at the top levels of commercial governance in
New Zealand as Rukumoana Schaafhausen has done.
The quality of my fellow independent Directors and
advisors has always been high, and is even more
so today with the likes of Mike Allen and Matthew
Cockram, and now Sir Henry van der Heyden and
Joanna Perry.
The management team and staff, under Mike Pohio’s
leadership, are as good as any I have encountered in
my managerial and directorship careers.
All the necessary structures, policies, processes and
standards that are critical for commercial success for
TGH have been entrenched.
So the future for the company is surely a bright one,
and I wish everyone associated with it all the very best.
John Spencer, Chairman.