Super fund bloc gains seats on key ASX committee

Industry funds have gained a strong presence on the new ASX Advisory Group on Corporate Governance taking up three of the eight positions.
The influence of the not for profit funds was emphasised when major superannuation lobby group, the Association of Superannuation Funds of Australia (ASFA) welcomed what it described as “the appointment of three of the superannuation industry’s most experienced leaders”.
The three appointees are AustralianSuper’s outgoing chief investment officer, Mark Delaney, TelstraSuper Head of Equities, Dominque d’Avrincourt and Australian Retirement Trust (ART) chair, Helen Rowell, who is former deputy chair of the Australian Prudential Regulation Authority (APRA).
Importantly, d’Avrincourt was formerly an investment manager at HESTA and VicSuper.
Welcoming the appointments, ASFA chief executive, Mary Delahunty noted that superannuation funds are the largest shareholding bloc on the ASX, holding one third of local listed equities.
“That means 17 million Australians with super have a direct stake in the quality of corporate governance across our public equities markets,” Delahunty said.
“The ASX Advisory Group on Corporate Governance has an important role to play as governance standards evolve. The sector looks forward to engaging in its work through the capable representation of Helen, Mark, and Dominique. All three are respected super industry leaders with extensive governance and investment experience,” she said.
The advisory group will be chaired by former Reserve Bank Governor, Philip Lowe.









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