Our committees
UniSuper's committees support and provide direction to the Board to assist in the management and strategic direction of UniSuper.
Consultative Committee
The Consultative Committee is the voice of our members. It reviews and approves changes to the Trust Deed and is responsible for nominating 4 directors to the Board.
Shareholder universities each appoint up to 4 members to the Consultative Committee. Half the members represent the employers, the other half represents, equally, academic staff and professional staff.
As at 31 August 2020, the Consultative Committee had 145 members and there were 3 vacancies.
Members of the Consultative Committee can log in to the Consultative Committee website for all the latest information, meeting minutes and communications.
Log in to the Consultative Committee website
Board Committees
Our Board Committees consist mainly of directors, who report to each Board meeting.
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Audit, Risk and Compliance Committee
Chair
- S Somogyi
Members
- N Rubinsztein
- G McCulloch
Independent non-director members
- B McConnell
- S Woodhouse
Responsibilities
- reviewing the integrity of UniSuper’s financial reports and taxation position
- reviewing the effectiveness of the business risk management framework and the assurance provided by internal audit
- reviewing the effectiveness of the compliance and internal controls framework
- overseeing the performance and independence of the internal and external auditors
- reviewing the adequacy of UniSuper’s insurance program.
-
Remuneration Committee
Chair
- J den Hollander
Members
- I Martin
- G McCulloch
Responsibilities
The Remuneration Committee makes recommendations to the Board on:
- Board remuneration
- total bonus and remuneration pools
- whole-of-company remuneration and reward strategies, policies and frameworks.
-
Insurance Committee
Chair
- N Rubinsztein
Members
- L Green
- J den Hollander
Independent non-directors
- S Gould
- J Lang
Member ex-officio, CEO UniSuper
- K O'Sullivan
Responsibilities
The Insurance Committee oversees the application and monitoring of the Insurance Management Framework, including:
- reviewing the Framework and Strategy on an annual basis
- monitoring the performance of the external insurer
- monitoring the services and functions outsourced to the Administrator
- considering and reviewing risks identified in UniSuper’s Risk Management Framework
- reporting quarterly to the Board on Claims data
- monitoring and overseeing the renewal process for group life policies.
-
Investment Committee
Chair
- M Armour
Members
- I Martin
- P Dawkins
Independent non-director members
- C Cuffe
- A FitzGerald
Member ex-officio, CEO UniSuper
- K O'Sullivan
Responsibilities
Invests Fund assets in a manner consistent with the investment objectives set by the Board.
Other responsibilities include:
- investment policy
- investment strategy
- asset allocations
- investment performance
- appointing and monitoring investment managers.
-
Technology and Projects Committee
Chair
- M Armour
Members
- N Gower
Independent non-director members
- M Wright
- J Fahey
Member ex-officio, CEO UniSuper
- K O'Sullivan
Responsibilities
The Technology and Projects Committee is a limited life committee established to enable the Board to focus on specific technology and project needs of the business.
The Committee assists the Board carry out its role in fulfilling its governance and oversight accountabilities to monitor and, where appropriate, approve the Technology Strategy.
