Chanticleer
CFMEU scandal should force rethink on super fund boards
Union-backed industry super funds have pushed hard to lift governance and accountability at public companies. Shouldn’t they want to improve their own governance, too?
Here’s an interesting thought experiment as the CFMEU scandal widens.
Imagine it’s annual general meeting season. The Australian Council of Superannuation Investors, the proxy advisory firm that counts most of Australia’s biggest union-backed industry super funds as members, is performing its traditional role of assessing the re-election of directors of $85 billion giant Cbus.
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