MTAA hails 'a third, a third, a third' board structure a successBY JAMES FERNYHOUGH | FRIDAY, 5 DEC 2014 12:45PMThe Financial System Inquiry report will be released this Sunday, and it is widely expected to have something to say about superannuation fund governance - namely, that the boards of super funds should have a quota of independent trustees. While many equal representation industry funds are up in arms about this, one industry fund - MTAA Super - has already gone down the road of appointing one third independents to its board. James Fernyhough caught up with the fund's chief executive Leeanne Turner and chair John Brumby to see how it has gone. Related News |
Editor's Choice
IFM looks offshore for renewable lending opportunities
|Australia is losing out to the global market and increasingly to Asia when it comes to renewables lending from one of the country's biggest fund managers, with IFM Investors executive director and co-head of APAC diversified credit Hiran Wanigasekera saying the risk-return trade-off is simply better ...
GQG records further outflows despite positive returns
|GQG Partners recorded net outflows of $3.3 billion (US$2.3bn) in September, extending a difficult year for the ASX-listed fund manager despite positive investment performance across its four primary strategies.
Mason Stevens farewells managing director
|Mason Stevens managing director, global investment service has wrapped up his seven-year tenure at the company.
ASX to defend legal action brought by shareholder
|The Australian Securities Exchange said it plans to defend the claims submitted by one of its shareholders on ASX's behalf, stating the applications filed are "not in the best interests of the company."
Further Reading
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Cliff Man
CHIEF EXECUTIVE OFFICER
ETF SHARES MANAGEMENT LTD
ETF SHARES MANAGEMENT LTD
ETF Shares chief executive Cliff Man spent his career automating, building and challenging established systems. Now, he is betting that Australia's ETF market has room for something different. Vinny Vucago writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
