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Showing 11 - 20 of 27 results for "Superannuation Boards"

Fraser Review compounds board independence impasse

DARREN SNYDER  |  WEDNESDAY, 9 MAR 2016
If no government is brave enough to mandate one-third independent directors on superannuation boards then funds should at least be accountable to members for their hires via an industry-wide governance code. This view is a key theme from responses to ...

OPINION: Super is Murray's big rock

ANDREW BRAGG  |  WEDNESDAY, 18 NOV 2015
... reproach. Independent directors will improve conflicts management, decision making and boost diversity on superannuation boards. It will also ensure that superannuation funds start to reflect the same requirements they impose on listed companies that ...

TWU attacks retail super funds over board governance

DARREN SNYDER  |  THURSDAY, 22 OCT 2015
... benefit its members. The union said a McKell Institute's report, The Success of Representative Governance on Superannuation Boards (June 2014), showed how the current industry fund board model is working. "The figures in this report show members of bank-owned ...

Super governance changes questioned

DARREN SNYDER  |  THURSDAY, 20 AUG 2015
The federal government's focus on accountability around conflicting interests in superannuation boards has been described as "curious" by lawyers reviewing proposed super governance legislation. A paper prepared by Hall and Wilcox Lawyers for the Australian ...

Super funds clash on board independence

DARREN SNYDER  |  FRIDAY, 26 JUN 2015
... which aim to prevent any conflicts of interests," Loane said. An FSC statement said independent directors on superannuation boards were recommended by reviews under both Labor and Liberal governments with the Super System Review in 2009 and the Financial ...

Industry super warns against uniform laws

AAP  |  FRIDAY, 26 JUN 2015
... they were in government they received the same advice as us, which is that minimum independent directors on superannuation boards will produce better governance and better consumer outcomes." The bill is expected to be brought to parliament in August ...

Independence on super boards should be skills based

DARREN SNYDER  |  MONDAY, 1 JUN 2015
... Inquiry next month. Mercer believes a recommendation will be to assign a majority of independent directors on superannuation boards. Mercer's report "questions whether independence alone is sufficient for good decision making." The company's research ...

Super governance at centre stage

ANDREW BRAGG, FSC DIRECTOR OF POLICY AND GLOBAL MARKETS  |  WEDNESDAY, 11 MAR 2015
... publicly-offered superannuation funds to have independent directors. The lack of independent directors on superannuation boards is a serious design flaw. A requirement to have a majority of independent directors applies to Australian listed companies ...

In the archives: Mavis Robertson on the importance of more women on boards

MICHELLE BALTAZAR  |  WEDNESDAY, 18 FEB 2015
... leading superannuation executives, including Mavis Robertson, discussed why more women should have seats on superannuation boards. Here are extracts of the phone interview with her after the roundtable and the two-part article series. In the summer of ...

Vertical integration not important anymore: Murray

LAURA MILLAN  |  TUESDAY, 9 DEC 2014
... Transport Workers Union (TWU) said yesterday that it is opposed to "the inquiry's plan to fill industry superannuation boards with a majority of independent directors as these directors will not be as accountable to fund members and employers." While ...