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 |
Editor's Choice
Equip Super awards custody mandate
Equip Super has selected a new custodian and back-office administrator to replace NAB Asset Servicing.
SMSFs' use of advisers plummets: Research
The number of self-managed super funds (SMSFs) using advisers has reached a new low, with the proportion of SMSFs using advisers falling to 23% from 27% in the past 12 months, according to a Vanguard/Investment Trends report.
Financial services firms concerned about attracting staff
New research from Robert Half suggests 74% of the finance industry is concerned about their ability to attract and retain staff.
ASIC issues experienced pathway guidance
ASIC has released new guidance for financial advisers who could potentially qualify as experienced providers and skip further education and training.
Products
Featured Profile
Matt Gaden
HEAD OF AUSTRALIA
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
Helping investors traverse financial markets and build their wealth during the peaks and troughs is Janus Henderson Investors head of Australia Matt Gaden's game plan. He tells Karren Vergara why in this long game of investing, active management wins.
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.