In the 1994 Queen's Birthday Honours, Graham was appointed a Commander of the Order of the British Empire, for services to education. He managed the New Zealand cricket team from 1997 to 1999, and was appointed Chancellor of the University of Auckland in 1999 until retiring from the position in 2004. In the business world, Mr Graham held a number of directorships including The University Bookshop Ltd where he was Chair, IT distributor Renaissance Corporation, and transportation company Owens Group Ltd. Graham was also a director of the Auckland-based private education provider, Academic Colleges Group.