Superannuation funds that nominate a director to the board of a company may fail in their efforts to change the organisation’s strategy and could lose flexibility to manage their investment, leading chairmen caution.
Chairmen also cast doubt on whether directors put forward by super funds would “add value” to the company.
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Sally Patten edits BOSS, and writes about workplace issues. She was the financial services editor and personal finance editor of the AFR, The Age and the Sydney Morning Herald. She edited business news for The Times of London. Connect with Sally on Twitter. Email Sally at spatten@afr.com
