Chumbe Island Coral Park (CHICOP), established in 1992 as the first private, marine sanctuary in the world, and the first Marine Protected Area (MPA) in Tanzania, has created a model of financially, ecologically and socially sustainable MPA management. Kevin MacDonald (CHICOP Project Manager) and Ulli Kloiber (Conservation & Education Manager) discuss the governance model used at Chumbe Island and provide insight into lessons learned.