Original article by Sally Patten
The Australian Financial Review – Page: 19 : 1-Jun-15

A new report from Mercer has called for Australian superannuation funds to have more independent directors. The firm says this trend is gathering pace in many developed countries, which has also been noted by the OECD. The Australian Government is tipped to outline its policy on the issue later in 2015, and Assistant Treasurer Josh Frydenberg is believed to favour a requirement for at least 33 per cent of a super fund’s directors to be independent.

CORPORATES
MERCER INVESTMENTS PTY LTD, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN COUNCIL OF SUPERANNUATION INVESTORS INCORPORATED, GREAT BRITAIN. FINANCIAL CONDUCT AUTHORITY