The Board has five Committees, which assist the Board in fulfilling its statutory, fiduciary, governance and regulatory responsibilities:
Committee members
- Directors: Mark Cerche (Chair), Michael Cameron, Matthew Cassin and Julian Widdup
Role of the Committee
The role of the Audit and Finance Committee is to oversee:
- the financial management of the Fund;
- the appointment, reward and performance of both the external and internal audit functions, the Tax Advisor, and the Custodian of the Fund’s Assets; and
- the annual budget process and provide ongoing monitoring and oversight of financial performance against budget.
In line with the requirements for ASX listed companies, this Committee is comprised only of non-executive directors, all of whom are independent of management of the Trustee, and is chaired by a director who is not the Chairman of the Board.
Audit and finance committee charter
PDF 213890 KB
Committee members
- Directors: Simone Thompson (Chair), Michael Cameron, Justine Hickey and Sharife Rahmani
Role of the Committee
The role of the Governance and Culture Committee is to oversee the rewards, remuneration and employment arrangements of the Trustee. This includes recommending the remuneration and key performance indicators of the CEO to the Board for approval. It also reviews the remuneration of the Executive team.
The Governance and Culture Committee also oversees the governance arrangements of the Trustee and the Fund, including Board composition, conflicts management and delegations.
Governance and culture committee charter
PDF 212519 KB
Committee members
- Directors: Justine Hickey (Chair), Julian Widdup and David Doolan
- Independent advisor: Andrew Cooke
Role of the Committee
The role of the Investment Committee is to assist the Board in developing the overall investment strategy for the Fund and to oversee the implementation and management of the Investment Governance Framework, including investment risk systems.
Investment committee charter
PDF 256395 KB
Committee members
- Directors: David Doolan (Chair), Michael Cameron, Simone Thompson and Penny Davy-Whyte
Role of the Committee
The role of the Risk and Compliance Committee is to assist the Board in the effective discharge of its responsibility to
- establish and oversee a sound system of risk oversight, management and internal control; and
- oversee compliance with all applicable laws, regulations, standards and codes and the provisions of the trust deed for the Fund.
Risk and compliance committee charter
PDF 205608 KB
Committee members
- Directors: Penny Davy-Whyte (Chair), Mark Cerche, Sharife Rahmani and Matthew Cassin
Role of the Committee
The role of the Stakeholder Engagement and Innovation Committee is to oversee:
- the major strategies for the delivery of the overall Stakeholder experience, including products, services and benefits to the Fund’s Stakeholders, in support of the Strategic Plan;
- the performance and services provided by the Administrator and Group Life Insurer(s) and the management of their service delivery;
- the performance and services provided by the call centre, Financial Advice and customer engagement teams;
- the management, review and determination of claims, complaints and litigation relating to insurance benefits; and
- the continuous improvement of the Trustee’s Stakeholder engagement, investment and business operations through innovation and technology.
Stakeholder engagement and innovation committee charter
PDF 229694 KB
Each Board Committee has a Charter that sets out the Committees’ powers, functions and, if relevant, specific delegated authority from the Board.
The Board may establish other committees or working groups comprising representatives of the Board and Management as needed from time to time.
The composition of Board Committees is reviewed at least annually.
Board appointment and renewal policy
PDF 322255 KB
