Industry braces for majority independent directorsBY JAMES FERNYHOUGH | SUNDAY, 7 DEC 2014 2:10PMSuperannuation fund boards should comprise a majority of independent directors including an independent chair, David Murray has recommended in the Financial System Inquiry final report. Related News |
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Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
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.
Everyone should read Judith Sloan's article in the weekend Australian inquirer page 20.