Senate calls to overhaul super fund boardsBY ELIZA BAVIN | FRIDAY, 14 FEB 2025 12:48PMThe report, which calls for major reforms to board appointments, has been slammed as "rushed" and "unserious". Related News |
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Sarah Shaw
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It wasn't confidence that prompted Sarah Shaw to walk away from established investment houses and co-found 4D Infrastructure in 2015. It was something she believes is far more important: courage. By Vinny Vucago.
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The responses by the union movement and the Labor government are totally predictable.
The term "independent director" does not imply a member from any particular industry, profession, or area. It only implies that a director have no interests or connections that will adversely or be in conflict with their responsibility to make only judgements according to the legislated responsibilities of superannuation funds. Vis: that every dollar spent by a super fund must be 100% guaranteed and proven to be in members financial interests.
Most other comments and criticisms by the unions and Labor government are hyperbole and the standard defence of people who know their their allegations and modus operandi will not stand up to clear cut analysis.