The Financial Services Council has published for consultation a draft standard on superannuation fund governance policy: see here (docx). A brief overview of the proposed standard is available here. The standard requires, amongst other things, the majority of board directors to be independent and the board to be chaired by an independent director.
Monday, 27 August 2012
Australia: FSC publishes draft superannuation fund governance standard
The Financial Services Council has published for consultation a draft standard on superannuation fund governance policy: see here (docx). A brief overview of the proposed standard is available here. The standard requires, amongst other things, the majority of board directors to be independent and the board to be chaired by an independent director.
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