Just weeks after resolving issues surrounding reports of alleged payments to consultants, Queensland-based funds manager Trinity Funds Management Limited (TFML) has announced the appointment of an independent chairman, Geoff McWilliam.
The company announced to the Australian Securities Exchange (ASX) that TFML, which is the responsible entity for Trinity’s unlisted wholesale funds management operations, would now have a chairman who was independent from and not a member of the main Trinity Limited Board.
It said the move had been initiated to ensure a greater level of corporate governance and to minimise conflicts of interest in the TFML decision-making process.
The announcement said McWilliam was formerly the chief executive of Commonwealth Property.
The company said discussions were currently underway concerning the appointment of a further two independent directors to the TFML board after which three current directors would resign.
