Segal gets a gig on ASX board

TheAustralian Stock Exchange(ASX) has appointed Jillian Segal, former commissioner and deputy chair of theAustralian Securities and Investments Commission(ASIC), as a non-executive director to its board.

This follows Segal recently becoming involved with theFinancial Planning Association(FPA), when it launched its Professional Partners initiative in April in a bid to raise public confidence levels in the industry.

Segal had agreed to head an industry taskforce into disclosure issues in the Australian financial planning industry including remuneration and benefits, though she later had her role and involvement scaled back.

The taskforce is to make recommendations to the FPA board of directors on improvements to disclosure, though Segal will now only be chairing a roundtable discussion after the investigation is complete.

ASX chairman Maurice Newman says Segal's broad experience at the highest levels of the financial services industry would be a valuable addition to the ASX Board.

Segal, whose appointment will take effect today, has also recently been a member of the Dawson Committee, which reviewed the Trade Practices Act.

Segal is also chairman of the Australian Banking Industry Ombudsman, and a member of the United Medical Protection Advisory Committee, thePricewaterhouseCoopersAudit Standards Oversight Board and the major performing arts board of the Australia Council.

Current chairman of the ASX Listing Appeals Committee, Max Fowles, has indicated he did not intend to stand for re-election at this year's annual general meeting on October 24.