Deloitte gave industry super governance a big tick
The report into Cbus’ fit and proper processes dispels assertions that the equal representative model is a barrier to funds getting the skills and expertise needed to govern these large financial institutions.
The point of good governance is to deliver the best business results for your members or customers.
Having sat on boards with diverse governance models in finance, education, banking and tourism – both in Australia and overseas – the key is having a model that brings diverse voices and experience to the table to ensure management and executives have the appropriate challenge and accountability.
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Ann Sherry is Chair of the Super Members Council. She is also a NAB Director, Queensland Airports Limited Chair, Queensland University of Technology Chancelor and UNICEF Australia Chair.
