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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Featured Profile
Paul Heath
CHIEF EXECUTIVE OFFICER
KODA CAPITAL PTY LTD
KODA CAPITAL PTY LTD
Koda Capital chief executive and founding partner Paul Heath grew up a stone's throw from the company's chair Steve Tucker in Perth. Their eventual collaboration gave rise to one of Australia's premier independent wealth management firms. Andrew McKean writes.
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.