Seniors call for independent directors after breach

Original article by Joanna Mather
The Australian Financial Review – Page: 19 : 13-Oct-14

The Royal Commission into Trade Union Governance & Corruption has been told by Cbus member co-ordinator Lisa Zanatta that she leaked account holders’ details to the Construction, Forestry, Mining & Energy Union. Like most other industry superannuation funds, Cbus has a board composed equally of employer association and trade union representatives. This arrangement has now been criticised by National Seniors CEO Michael O’Neill, who argues all super funds should have independent directors

CORPORATES
NATIONAL SENIORS AUSTRALIA LIMITED, CONSTRUCTION AND BUILDING UNIONS’ SUPERANNUATION FUND, CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, MASTER BUILDERS AUSTRALIA INCORPORATED, FINANCIAL SERVICES COUNCIL, AUSTRALIAN LABOR PARTY, ACTU

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