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Showing 1361 - 1370 of 2433 results for "Directors"

Super governance changes questioned

DARREN SNYDER  |  THURSDAY, 20 AUG 2015
... Superannuation Trustees (AIST) suggests existing regulation is sufficient as there are already clear obligations for directors in legally binding standards set by the Australian Prudential Regulation Authority (APRA). The paper says "it is difficult ...

New draft super governance standards released

MARK SMITH  |  WEDNESDAY, 19 AUG 2015
... reforms will include a requirement that all APRA-regulated superannuation funds have a minimum of one third independent directors on their trustee board and an independent chair. The new draft legislation will include more detail on the definition of ...

VFMC appoints former AustralianSuper chair

DARREN SNYDER  |  FRIDAY, 14 AUG 2015
A former chair of AustralianSuper has been appointed to the board of Victorian Funds Management Corporation (VFMC). Joining the VFMC board is Elana Rubin, who has extensive directorship experience in funds management, property and infrastructure. Rubin ...

Regulation is not the only answer: Herbert Smith Freehills

LAURA MILLAN  |  WEDNESDAY, 12 AUG 2015
... proposed changes to superannuation fund governance, he listed a number of advantages and reasons for having independent directors on boards. "They will be free to make decisions with the best interest of members at heart, they will be offering a different ...

Murray slams "silly suggestions"

MARK SMITH  |  TUESDAY, 11 AUG 2015
... of silly suggestions." In his final FSI report, Murray recommended that super funds appoint a majority of independent directors but so far the legislation is yet to get past lobbying interests. "What we have is an unannounced tripartite war between retail ...

Super board changes ignore past lessons: Bowen

DARREN SNYDER  |  FRIDAY, 7 AUG 2015
... should be viewed as clearly preferable in all cases." Bowen accepts the Murray Inquiry recommended that a majority of directors be independent but the government's intervention in the way a fund is run must be carefully justified. "The legislation goes ...

ASFA concerned about board governance timeline

DARREN SNYDER  |  TUESDAY, 4 AUG 2015
... Australia (ASFA) is concerned about the timeframe for approving transition plans to have at least one-third independent directors on super fund boards. In a letter to the Australian Prudential Regulation Authority (APRA), the association has asked that ...

Equip appoints digital specialist to board

MARK SMITH  |  FRIDAY, 31 JUL 2015
... Fairley said that the Federal Government's aspiration for super fund boards to have a mandated proportion of independent directors was recognition of the need to secure the appropriate mix of skills and capacity to protect and act in the best interest ...

Standard Life expands Asia investment team

ALEX BURKE  |  FRIDAY, 31 JUL 2015
Standard Life Investments has appointed two multi-asset investment directors. Based in Hong Kong, Jason Yu (previously an investment director at Wellington Management Company) and Dongyue Zhang (previously a portfolio manager at Goldman Sachs Asset ...

APRA workload for boards does not rate

DARREN SNYDER  |  FRIDAY, 31 JUL 2015
... good value yet the workload placed on boards by the regulator does not rate highly. This is the view of more than 450 directors from deposit-taking institutions and insurers who participated in APRA's latest stakeholder survey. APRA noted that overall ...