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Showing 31 - 40 of 49 results for "Equal representation"

ISA voices strong opposition to "radical" super reform

LAURA MILLAN  |  MONDAY, 27 JUL 2015
Industry Super Australia (ISA) has warned that the government's proposal to remove equal representation in super fund boards "is radical" and constitutes the most significant change to the system since its inception. "There is a real risk that importing ...

Industry funds embrace board independence

LAURA MILLAN  |  MONDAY, 13 JUL 2015
... legislation will bring more significant changes to VicSuper's board (as it currently has eight directors under the equal representation model) but he said the board is already moving towards having a third of its directors independent. "We have just ...

Super funds clash on board independence

DARREN SNYDER  |  FRIDAY, 26 JUN 2015
... executive, Tom Garcia, said while it was good to see the government had recognised the value and importance of an equal representation system, there was no evidence to suggest that forcing structural changes to the boards of not-for-profit super funds ...

Industry funds reject majority independent directors

JAMES FERNYHOUGH  |  MONDAY, 8 DEC 2014
... a motivation, instead talking more generally about conflicts of interest and the inappropriateness of the equal representation model. Financial Services Council chief executive John Brogden also put the emphasis on union influence. "Superannuation boards ...

Industry braces for majority independent directors

JAMES FERNYHOUGH  |  SUNDAY, 7 DEC 2014
... of step with the standard structure of workplace pension funds globally, which generally operate under an equal representation model. While the report acknowledged this fact, it argued that Australian super funds differ from single employer defined benefit ...

MTAA hails 'a third, a third, a third' board structure a success

JAMES FERNYHOUGH  |  FRIDAY, 5 DEC 2014
... 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 ...

Most super boards have no independent trustees

JAMES FERNYHOUGH  |  WEDNESDAY, 23 JUL 2014
... Addressing the concern expressed by many industry funds that mandating independent trustees could undermine the equal representation model, it said: "Managing the balance between engaging independent directors and retaining the natural alignment of interests ...

No clear case for independent trustee quota: Towers Watson

JAMES FERNYHOUGH  |  WEDNESDAY, 28 MAY 2014
... boards. The measure will have the biggest impact on the boards of industry funds, which currently operate on an equal representation model. But according to Towers Watson Australia managing director Andrew Boal, "We conclude the case has not yet been ...

AIST reshuffles board, names new president

ALICE URIBE  |  MONDAY, 28 APR 2014
... superannuation sector. She is a prominent thought-leader in the industry and a passionate advocate for the equal representation model and delivering the best outcomes for members," he said. Garcia said Wood had been a key driver of AIST's advocacy work ...

AIST adopts middle ground on board structure

JAMES FERNYHOUGH  |  THURSDAY, 13 FEB 2014
... third-third-third structure. Under the current rules, non-public offer superannuation funds must operate under an equal representation structure, whereby half their trustees are employer-appointed and half employee- (union-) appointed, with the option ...