Men continue to dominate super fund boardsBY JAMES FERNYHOUGH | WEDNESDAY, 15 JAN 2014 12:50PMMen still heavily dominate the boards of superannuation funds, with just one fifth of trustee positions being held by women, according to statistics released by the Australian Prudential Regulation Authority (APRA). Related News |
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I'm confused as to how greater female representation would improve the execution of fiduciary duties of superannuation boards on behalf of members. I'm certainly not against the participation of both sexes in this role, but any debate on increasing numbers of females as a gender equality issue would not really seem to be an issue at the heart of best interests for members. And Eva Scheerlinck's comment about "Gender equity on super boards has been a target for our members since 2011" is clearly driven with other agendas in mind. I can't recall the last client I spoke to who raised gender equality on Superannuation Boards - Oh that's right, they don't raise it because they don't care. Nice try Eva!