independent

Policy and Regulation

One year, not four, to prepare for super governance changes

Board’s will need to submit an approved and detailed transition plan to APRA by July 1, 2016 on how they intend to comply with the new, and as yet undefined, requirements for governance, including whether current directors can be considered independent. Many experienced people in superannuation will likely not be classed as independent leaving a […]
Investment Strategy

Industry funds sanguine about one third rule

Chairs of industry funds have reacted with pragmatism to the Government’s move to enforce one third of their boards to be independent and to have an independent chair. Many have already anticipated the change in legislation by hiring their first or second ever independent trustees with the explicit intention of filling skills on their board. […]
Investment Strategy

Industry funds pre-empt Arthur Sinodinos

Industry funds are taking steps to appoint independent trustees ahead of any government decree forcing them to do so. In contrast to media reports that have depicted industry fund boards as fighting the Treasury proposal to have at least a third of their directors independent of employer or employee organisations, several funds are already changing […]
Governance

State Super mulls independents

State Super Financial Services will review the composition of its board in 2014 and consider adopting the Cooper Review’s recommendation of three employer, three employee and three independent trustees. The $13 billion advice firm and superannuation fund is owned by the $40 billion SAS Trustee Corporation. The SSFS board is chaired by former chief executive […]
CMSF

Board independence under Q&A microscope

Not unlike a typical edition of ABC’s Q&A, host Tony Jones moderated a robust discussion on yesterday’s Super Q&A panel. Opening CMSF 2013, the panel debated a potential leadership spill in Labor, super reform fatigue and executive pay disclosure. Perhaps most controversial was the debate on equal representation on boards, with Garry Weaven, chair of […]
Investment Strategy

Van Eyk turns 20, plans to celebrate the independents

Normal 0 false false false MicrosoftInternetExplorer4 van Eyk Research, which is about to celebrate its 20th birthday, is looking to restructure to take advantage of opportunities from the raft of possible regulatory changes heading the way of the financial planning market. Mark Thomas, the chief executive, says there are several structural changes to the industry […]
Investment Strategy

Van Eyk turns 20, plans to celebrate the independents

Normal 0 false false false MicrosoftInternetExplorer4 van Eyk Research, which is about to celebrate its 20th birthday, is looking to restructure to take advantage of opportunities from the raft of possible regulatory changes heading the way of the financial planning market. Mark Thomas, the chief executive, says there are several structural changes to the industry […]
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