Super fund governance

Articles relating to the governance of superannuation funds. The Government has proposed that public offer super funds should have at least one-third independent directors/trustees. The Financial System Inquiry had recommended a majority of independent directors/trustees for super fund boards and an independent chair.

Super connected directors not helping super fund performance

Superannuation regulator APRA has thrown its weight behind calls for more independent directors on super fund boards, arguing they improve board governance.

Despite a number of improvements in the area, including disclosure and the management of conflicts of interest, some issues have not received as much attention, in spite of their importance. For example, the practice of multiple directorships.

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