Financial Standard Comments - Industry braces for majority independent directors Superannuation fund boards should comprise a majority of independent directors including an independent chair, David Murray has recommended in the Financial System Inquiry final report. https://www.financialstandard.com.au/feed/latest?story=45832968 Sun, 07 Dec 2014 17:48:01 +1100 Sun, 07 Dec 2014 17:48:01 +1100 en-AU Copyright 2026 Financial Standard 5 Comment by Shann Turnbull (International Institute for Self-governance)

Independent directors can be unaccountable fee drawing passengers on Trustee Boards unless they become accountable to super fund beneficiaries. The Governance Institute of Australia of which I am a member made a similar proposal.

There is a discussion on this topic at the Symposium I have organised on "The efficacy of government enforced governance" tomorrow, Monday December 8th in the Central Lecture Block of the University of NSW from 4:00 to 5:30 pm. You can register at: https://www.business.unsw.edu.

Other speakers beside myself are Gerard Noonan, Chair of the Australian Council of Superannuation Investors and Tim Sheehy, CEO of the Governance Institute of Australia. Hope to see you there.

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]]> Shann Turnbull (International Institute for Self-governance) Sun, 07 Dec 2014 17:48:01 +1100 Comment by Peter Stewart (Benchmark Consultants) Everyone should read Judith Sloan's article in the weekend Australian inquirer page 20.

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]]> Peter Stewart (Benchmark Consultants) Sun, 07 Dec 2014 21:21:34 +1100