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Committees

See a brief summary of UniSuper’s committees and their functions.

Committees

UniSuper's committees support and provide direction to the Board to assist in the management and strategic direction of UniSuper.

  • The Consultative Committee reviews any proposed amendments to the Trust Deed and elects people to be appointed as directors of the Board of the Trustee.
  • The Board Committees include the:
    • Audit, Risk and Compliance Committee
    • Remuneration Committee
    • Claims Review Committee
    • Investment Committee, and
    • Business Process Improvement Committee.

Consultative Committee

The Consultative Committee is the voice of our members. It reviews any proposed amendments to the Trust Deed and four directors to the Board of the Trustee.

Shareholder universities each appoint up to four members to the Consultative Committee. Half the members represent the employers, the other half represents, equally, academic staff and general staff.

At 31 October 2010 the Consultative Committee had 127 members and there were six vacant positions.

Board Committees

Our committees consist mainly of directors, who report to each Board meeting.

Audit, Risk and Compliance Committee

Chair: W. Snell


Members: T. Murphy, Dr S. Gould


Independent Non Director Members: G. Linton, P. Haines

 Ensures that UniSuper:
  • observes high standards of business behaviour and ethics
  • complies with all legal and regulatory requirements, and
  • provides assurance regarding the quality and reliability of financial information.
Remuneration Committee

Chair: M. Peacock


Members: C. Cuffe,
D. Carey


Member Ex-Officio, CEO UniSuper: T. McCredden
  • Makes recommendations to the Board about the remuneration of the Chief Executive and the fees and other benefits provided to directors.
  • Approves and monitors performance management programs for senior executives and investment staff.
Claims Review Committee

Chair: T. Murphy


Member: Prof. J. Reid


Member Ex-Officio, CEO UniSuper: T. McCredden

Monitors:

  • disablement and temporary incapacity claims
  • distribution of death benefits, and
  • members' complaints in relation to claims.

 
Investment Committee

Chair: M. Peacock


Members: Prof. M. Skully, C. Cuffe, Prof. P. Johnson, B. Bonyhady


Independent Non Director Members: C. Macek, T. Fitzgerald


Member Ex-Officio, CEO UniSuper: T. McCredden

Invests Fund assets in a manner consistent with the investment objectives set by the Board, including:

  • investment policy
  • investment strategy
  • asset allocations
  • investment performance, and
  • the appointment and monitoring of investment managers.

Each year an independent consultant reviews the committee's performance and reports to the Board.

Business Process Improvement Committee

Chair: Dr S. Gould
Members: W.Snell,

Independent Non Director Members: G. Matthews, H. Radatti


Member Ex-Officio, CEO UniSuper: T. McCredden

The Business Process Improvement Committee oversees an internal program of review of systems and processes, focusing on the accuracy of member data. It is a limited life committee.

 

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