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Committees

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

Committees

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

  • The Consultative Committee consents to 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 and Compliance Committee
    • Remuneration Committee
    • Claims Review Committee
    • Investment Committee, and
    • Business Systems Committee.

Consultative Committee

The Consultative Committee is the voice of our members. It approves amendments to the Trust Deed and elects the directors of 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 30 June 2009 the Consultative Committee had 136 members and there were four vacant positions.

Board Committees

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

Audit and Compliance Committee

Chair: W. Snell
Members: D. Carey,
T. Murphy, Dr S. Gould
Independent Non Director Members: G. Linton, Peggy Haines
Non Voting Member Ex-Officio: E. Bryan

 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: C. Cuffe
Members: M. Peacock,
D. Carey
Member Ex-Officio, CEO UniSuper: T. McCredden
Non Voting Member Ex-Officio: E. Bryan
  • 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
Independent Non Director Members: G. Dunstan,
C. Macek, B. Bonyhady,
Member Ex-Officio, CEO UniSuper: T. McCredden
Non Voting Member Ex-Officio: E. Bryan

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 Systems Committee

Chair: Prof. J. Reid
Members: M. Coyle,
Dr S. Gould
Independent Non Director Members: G. Matthews, H. Radatti

The Business Systems Committee is set up as a limited life committee to enable the Board to focus on system and process issues. 
It assists the Board in overseeing the IT systems and critical business processes, with the aim of improving data quality, reducing risks and improving compliance within the IT environment.

 

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