Slattery appointed to SPAA board
The Board of the SMSF Professionals' Association of Australia (SPAA) has returned its founder and chief executive Andrea Slattery to the body for the second time citing good governance requirements for her place on the board.
Slattery served a three year board term after SPAA was established in early 2003 with this current term taking effect from May 31, having been ratified at the board's last meeting.
SPAA chair Andrew Hamilton said the board believed it was an appropriate time to appoint Slattery as executive director and the appointment would allow Slattery and the board to set a more strategic direction.
Slattery said the appointment reflected the board's confidence in the work of SPAA and its future direction while the association continued to grow.
"Good governance now requires the chief executive to be on the board to ensure there is joint ownership of the strategy between the directors and the senior management," Slattery said
"So it is an opportune time to join the board, especially at a time when there are myriad changes happening in our industry, to focus on nurturing SPAA's vision and continue to develop best practice for the SMSF sector."
AUTHOR
Staff Writer
Recommended for you
Treasurer Jim Chalmers has handed down his third budget, outlining the government’s macroeconomic forecasts and changes to superannuation.
Online investment adviser and fund manager Stockspot has introduced Stockspot Super, Australia’s first 'ETF only' superannuation product. superannuation product.
ASIC has called on superannuation funds to improve their oversight of advice fee deductions following an investigation of 10 trustees that found $990 million was charged in one year.
With just 30 per cent of Australians knowing their superannuation balance to the nearest $1,000, Findex has emphasised the role of financial advice in addressing the critical super knowledge gap.
