NSW Government-owned super member administrator, Pillar Administration, had a new chair from June 18.
The former director-general of the NSW Premier’s Department, Col Gellatly, took over from Bob Walker, who it’s understood had chaired the NSW Government-owned organisation since before it changed its name from SAC to Pillar in 2001. Pillar directors are appointed and removed at the behest of Pillar’s ‘shareholder’ ministers – currently Commerce Minister John Della Bosca and Treasurer Michael Costa. The chief executive of Pillar, Peter Cormack, was unavailable for comment at presstime.
26/06/2007
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Investments
Aware Super has backed the call for a legislative change that will introduce mandatory human rights due diligence for large Australian companies, as head of responsible investment Liza McDonald said it’s a “reasonable request” which will help asset owners understand and manage the governance risks in their portfolios.
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