Comment by Chris Briant (Tibra Investment Management)

Chris Briant (Tibra Investment Management) — Mon, 05 Nov 2012 13:59:11 +1100

Speaking of "cynical politics" (a term used in Cormann's release) his release contains a few inaccuracies. The statement "AIST represents only the union dominated industry super funds" is wrong on two counts as I suspect he would know: (1) AIST represents not only industry funds, but also corporate and public sector funds (i.e. the whole not-for-profit sector); and (2) the industry funds are not "union dominated". Their boards, which are independent of the funds' executives, usually have 50% employer and 50% employee representation. Additionally, it is clear that all women are eligible, not just women involved with the not for profit sector, otherwise why would the FSC be supportive?

As to why AIST is involved, could it be because they represent not-for-profit funds, and it's only for the NFP funds that you can tell who the Directors are... Or could it be as a result of AIST's consistent leadership and lobbying on this issue...

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Comment by Richard Baker (.)

Richard Baker (.) — Mon, 05 Nov 2012 14:19:19 +1100

What happened to the concept of selecting the best person for the job..regardless of gender??

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Comment by Linda Vickers (BUSSQ)

Linda Vickers (BUSSQ) — Tue, 06 Nov 2012 09:28:47 +1100

Well said Chris and yes the best people for the job need to be picked but this is a training opportunity that may be lacking in the industry.

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Financial Standard Comments - Funding for women on super boards a union hand out: Cormann

Comment by Chris Briant (Tibra Investment Management)

Comment by Richard Baker (.)

Comment by Linda Vickers (BUSSQ)