josh frydenburg

Opinion

Not sulking but thriving

The superannuation arms of two major banks issued statements on Friday that said members of APRA regulated funds would be better off having independent chairs for their boards and one third of trustees as independents. Their applause for Josh Frydenburg’s move to change the governance model of super comes at a time when banks are […]

David RowleyJune 29, 2015

Opinion

The independents debate: much ado about nothing

Is the debate around independent directors joining industry funds losing its sizzle? Back in November 2013, when the then assistant treasurer Arthur Sinodinos said he would tackle the issue, credence was given to the hysterical idea that the Coalition Government would seek to impose a majority of independent trustees onto industry funds. Since then the […]

David RowleyApril 20, 2015

Investment Strategy

FSC members to have majority of independents by June

The Financial Services Council (FSC) has asked its retail superannuation fund members to have a majority of independent directors on their boards by the end of this financial year. The FSC defines independence as an individual not employed by the fund, its associated companies and material service providers either now or in the previous three […]

David RowleyJanuary 19, 2015