Akaoa Member of Parliament Tapi Taio has been appointed a director of the Cook Islands Investment Corporation – but he’s not going to be paid.
Deputy Prime Minister and Minister of Finance Dr Terepai Maoate announced the appointment yesterday. He said Taio had requested that he not receive any fees for acting as a director.
Taio replaces Temu Okotai on the CIIC board of directors and joins John Short (chairman) and John Tangi. He previously served as chairman from 1999 to 2002.
The CIIC is responsible for controlling and managing Crown assets including government housing, lands, infrastructure and statutory corporations.