Questions asked on female super representation
A senior Liberal back-bencher has sought to question whether industry superannuation fund boards include an appropriate number of female trustee/directors.
Responding to recent Australian Prudential Regulation Authority (APRA) data suggesting that women make up barely a quarter of trustee/directors on superannuation fund boards, Tasmanian Liberal Senator David Bushby, has placed a series of questions on notice aimed at determining the precise position of women on industry fund boards.
At the same time, Bushby has gone to the question of governance on industry fund boards by asking how many trustee/directors could be classified as independent compared to the number of independent directors on retail fund boards.
The Senator has also asked about the average time that directors serve on industry fund boards compared to retail funds.
The questions have been asked as Money Management builds towards a Sydney breakfast on 10 September which will seek to directly address the obstacles confronting women in securing retirement incomes adequacy.
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