Our Board of Directors

UniSuper is governed by a corporate trustee, UniSuper Limited – a not-for-profit company whose shareholders are 37 Australian universities. These universities are represented on our Consultative Committee.

UniSuper Limited acts through its Board of Directors, which is accountable to the Fund’s members and participating employers. The Board determines the Fund’s strategic direction and governs its operations to ensure it’s administered in accordance with the Trust Deed.

  • Geoffrey Ian Martin (Chairman)

    Geoffrey Ian Martin AM
    Chairman
    Independent Director
    B.Ec (Hon); Adv Diploma, AICD; FAICD 

    Appointed to the Board as an independent director on 18 April 2013 and elected Chair on 1 July 2017. Ian is a former CEO of BT Financial Group and Global Head of Investment Management of Bankers Trust Corporation. A former Chairman of Argo Investments Ltd; Argo Global Listed Infrastructure Limited; and Vice Chairman Asia Pacific of Berkshire Capital, Ian was also a Panel Member of the Superannuation System Review, the Cooper Review.

    Current directorships:

    • QIC Limited (Chairman) (Appointed 1 April 2019)
    • QIC Private Capital Ltd (QPC) (Chairman) (Appointed 27 June 2019)
    • Wayside Chapel Foundation (Chairman)

    Special responsibilities:

    • Member, Investment Committee (Appointed 1 August 2013) (Previously Chair from 1 August 2013 until 30 September 2017)
    • Member, Remuneration Committee (Appointed 26 July 2013)
  • Mark Armour

    Mark Armour
    Independent Director
    B Ec (Hons)

    Appointed to the Board as an independent director on 1 July 2017. Mark has considerable experience in global funds management and broader financial services, both globally and in Australia. His career included time living and working in the UK, USA and Hong Kong as well as Australia. Some key executive roles included Head of Invesco’s European and Middle Eastern business, their global Institutional business and CEO of Australia, as well as CEO of funds management of AXA Australia. Mark has held numerous Board and Chair roles with Invesco, AXA, National Mutual and other groups, most recently Chair of Invesco UK, Director of Invesco Mortgage Capital (NYSE listed) and Director of the Investment Association (UK), the UK’s peak investment industry body.

    Current directorships:

    • Neurosciences Victoria Ltd (NSV) (Appointed 28 May 2019)
    • Lab 35 (Appointed September 2019)

    Special responsibilities:

    • Chair, Investment Committee (Appointed 1 October 2017)
    • Chair, Technology and Projects Committee (Appointed 15 June 2018)
  • Nicolette Rubinsztein

    Nicolette Rubinsztein
    Independent Director
    B. Bus (Hons), EMBA (AGSM), GAICD, FIAA

    Appointed to the Board as an independent director on 1 December 2015. Nicolette, a highly respected leader and author in the fields of retirement and gender diversity, currently holds non-executive directorships in the finance industry. Formerly a senior executive in the wealth management industry, having held three general manager roles at Commonwealth Bank of Australia/Colonial First State over a period of 14 years as well as senior roles at BT as the Vice President and Head of Product Management and a consulting actuary role at Towers Perrin. President of the Actuaries Institute in 2019 and previously on the board of ASFA from 2007 to 2015 and chair of its Super System Design Council. Nicolette was recognised for her work in superannuation policy and was awarded ASFA Lifetime Membership, ASFA Distinguished Service Award and the inaugural Financial Services Council Industry Excellence Award. Nicolette is also a UNSW Alumni Leader and a member of Macquarie University’s Faculty of Business and Economics Industry Advisory Board and author of the book "Not Guilty".

    Current directorships:

    Zurich Group:

    • OnePath Life Limited (Appointed 1 April 2017)
    • OnePath General Insurance Pty Ltd (Appointed 1 April 2017)
    • Zurich Australia Limited (Appointed 31 May 2019)
    • Zurich Financial Services Australia Limited (Appointed 1 January 2020)
    • Zurich Investment Management Limited (Appointed 1 January 2020)

    Class Group:

    • Class Limited (Appointed 1 April 2017)
    • Class Super Pty Limited (Appointed 1 April 2017)
    • Class Investment Reporter Pty Ltd (Appointed 1 April 2017)

    CBHS Health Fund (Appointed 22 March 2018)

    SuperEd Pty Ltd (Appointed 18 April 2016)

    Greenpeace Australia Pacific Limited (Appointed 29 August 2020)

    Special responsibilities:

    • Member, Audit, Risk & Compliance Committee (Appointed 24 February 2016)
    • Chair, Insurance Committee (Appointed Member from 24 February 2016 and Chair from 1 November 2017)
  • Professor Peter Dawkins

    Professor Peter Dawkins AO
    Director
    BSc (Hons) (Lough), MSc (Lon), PhD (Lough), FASSA, FIPAA, FACEL

    Nominated on 4 November 2015 by the Shareholder Universities. Appointed Vice-Chancellor and President of Victoria University in 2011, following senior roles in the Victorian Public Service as Deputy Secretary of the Victorian Department of Treasury and Finance (2005-2006) and Secretary of the Victorian Department of Education and Early Childhood Development (2006-2010). Professor Dawkins was Professor of Economics at Curtin University (1990-1995) and the Ronald Henderson Professor and Director of the Melbourne Institute of Applied Economic and Social Research at the University of Melbourne (1996-2005).

    Between 2011 and 2015, Professor Dawkins was a Board Member of the Victorian Education and Research Network (VERNet), an Executive Committee Member of the Australian Higher Education Industrial Association (AHEIA), and the Board of the Business-Higher Education Roundtable (B-HERT), positions he ceased to hold in November 2015 when he joined the UniSuper Board. With Victoria University being first and foremost the University of, and for, the West of Melbourne, he is also Deputy Chair of the West of Melbourne Economic Development Alliance and the Western Metropolitan Partnership.

    Current directorships:

    • UniSport Australia (Appointed 14 May 2020)

    Special responsibilities:

    • Member, Investment Committee (Appointed 24 February 2016)
  • Professor Leila Green

    Professor Lelia Green
    Director
    BA (Hons), MA, MA (Communications), Ph.D, M.Ed, MA (Creative Writing), GAIST

    Elected to the Board by members of the Consultative Committee representing academic staff on 4 November 2015. Professor of Communications at Edith Cowan University, in the School of Arts and Humanities, Professor Green was a member of the Consultative Committee from 2000 until 23 September 2020 and in 2016, graduated from the Australian Institute of Superannuation Trustees, having completed the Trustee Director Course.

    Current directorships:

    • Nil

    Special responsibilities:

    • Member, Insurance Committee (Appointed 16 February 2017)
  • Dr Jane den Hollander

    Dr Jane den Hollander AO, Professor Emerita
    Director
    Hon Doc (Deakin) PhD (Cardiff), MSc, BSc Hons (Wits)

    Nominated on 1 May 2012 by the Shareholder Universities. Former Vice-Chancellor of Deakin University, Victoria from July 2010 until her retirement in June 2019. Following her retirement, Dr den Hollander was granted Professor Emerita by Deakin and awarded honorary doctorates by Deakin and Cardiff Universities.

    During her career, Dr den Hollander was employed at Curtin University from 2000 – 2010, firstly as Pro Vice Chancellor, Academic Services and then as Deputy Vice- Chancellor (Academic) and was a member of the Universities Australia Board from May 2011 to May 2016. Dr den Hollander was also director of VerNet Pty Ltd until she resigned in March 2019.

    Current directorships:

    • Nil

    Special responsibilities:

    • Chair, Remuneration Committee (Appointed Member from 24 February 2016 and Chair from 1 November 2017)
    • Member, Insurance Committee (Appointed 1 May 2020)
  • Amy Griffiths

    Amy Griffiths
    Director
    BA

    Elected to the Board by members of the Consultative Committee representing professional staff on 11 November 2019. Ms Griffiths is the School Manager, in the School of Biomedical Engineering, Faculty of Engineering and IT, at the University of Technology Sydney (UTS). Prior to joining UTS, Ms Griffiths supported the Academic Board and the Senate of the University of Sydney as part of its Governance unit. Ms Griffiths has over ten years’ experience in strategic management, governance, marketing and higher education policy. Ms Griffiths was a member of the Consultative Committee from 2016 until the conclusion of her term in April 2020.

    Current directorships:

    • Nil

    Special responsibilities:

    • Nil
  • Nicole Gower

    Nicole Gower
    Director
    BA LLB (Hons)

    Elected to the Board by members of the Consultative Committee representing employers on 30 October 2017. Currently Vice-President, People and Services at Macquarie University having executive responsibility for people strategies, information technology, business intelligence and reporting, workplace health and safety and campus services. Previously working as an employment law specialist in private practice and in HR leadership roles at the University of New South Wales (UNSW). Nicole is a member of the Macquarie University Executive Group and Executive Group sponsor for several strategic initiatives including Gender Equity Strategy, UniForum benchmarking and several streams of the University’s Operating Plan. In November 2019 Nicole was re-appointed as Chair and Director of U@MQ Ltd. Nicole is also an accredited mediator and nationally accredited workplace trainer and assessor.

    Current directorships/other positions: 

    • Macquarie University, Vice-President, People and Services 
    • U@MQ Ltd (Appointed 20 November 2019) 
    • Gower Family Trust 
    • Macquarie University Professorial Superannuation Fund (Chair – Policy Committee)

    Special responsibilities: 

    • Member, Technology and Projects Committee (Appointed 15 June 2018)
  • Grahame McCulloch

    Grahame McCulloch
    Director

    Nominated on 14 February 2013 by the national unions. Former General Secretary of National Tertiary Education Union (NTEU) a position held from 1993 until 2018, Grahame also held the post of General Secretary of Union of Australian College Academics (1984 – 1993). Previous roles include member of the following: Australian Council of Trade Unions (ACTU) Executive (1996 – 2018), Education International Executive Board (2004 - 2015), Commonwealth National Advisory Committee on Export of Education and Training Services (1989-1993), and Commonwealth Trade Development Council (1988 – 1992). Grahame was also a Director of Federation of Education Unions Pty Ltd from 1992 to 2018, and an independent Director of the Superannuation Scheme for Australian Universities (1987 – 1991). Mr McCulloch recently accepted a six-month placement as Adviser to the Tasmanian Labour Opposition Shadow Treasurer.

    Current directorships:

    • Nil

    Special responsibilities:

    • Member, Remuneration Committee (Appointed 1 July 2017)
    • Member, Audit, Risk and Compliance Committee (Appointed 21 February 2019)
  • Stephen Somogyi

    Stephen Somogyi
    Director
    M.Sc (Melbourne) SM (MIT), FAICD, FIAA, F Fin

    Elected to the Board by members of the Consultative Committee representing employers on 27 October 2014. Steve was the Chief Operating Officer at RMIT from July 2006 to July 2016. He is currently Principal Advisor, Strategic Projects at Monash University, and recently accepted a contract role with QIC Energy Transition Fund and was appointed as a member of the Expert Assessment Panel of the Australian Universities Jobs Protection Framework. Steve is a Fellow of the Institute of Actuaries of Australia, the Australian Institute of Company Directors, and the Financial Services Institute of Australia. Previously a director on the Financial Adviser Standards and Ethics Authority (FASEA), and until recently, a director on the Guild Trustee Services Pty Ltd which he ceased on 30 June 2020, an Executive Member of the Australian Prudential Regulation Authority (APRA) and Chief Executive Officer of the CPI Group Ltd. Steve held various executive roles at National Mutual, including Chief Manager for New Zealand, Associate Director - Operations and Chief Finance Executive, and is a former Director of the ANZ Wealth companies, Spatial Vision Innovations Pty Ltd, and number of RMIT controlled entities.

    Current directorships/other positions:

    • Guild Group Holdings Limited (Director from 1 June 2008, Chair commenced on 27 February 2019)
    • Guild Superannuation Services Ltd (Director from 1 June 2008, Chair commenced 27 February 2019)
    • Guild Insurance Limited (Director from 1 June 2008, Chair commenced 27 February 2019)
    • Guild Link Pty Ltd (Director from 1 July 2017)
    • Higher Ed Services Pty Ltd (Director from 1 January 2014, Chair commenced 1 January 2018)
    • Gold Cross Products & Services Pty Ltd (Director from 1 July 2017)
    • CourseLoop Pty Ltd (Previously - Factor 5 Software Pty Ltd) (Chair, from 25 October 2018)
    • Safety, Rehabilitation and Compensation Commission (Commissioner since May 1999)

    Special responsibilities:

    • Chair, Audit, Risk & Compliance Committee (Appointed Member from 27 October 2014 and Chair from 1 January 2015)
  • Sarah Roberts

    Sarah Roberts
    Director
    LLB (Hons), BA Arts (Hons), Master of Public Policy, Grad Dip - Labour Relations Law, GAIST

    Nominated by the national unions and appointed by the UniSuper Board on 18 May 2020. Assistant Secretary of the National Tertiary Education Union (Victoria), a position held since August 2018. Sarah also sits on the NTEU National Executive. Between 2005 to 2018, Sarah held the positions of National Industrial Officer and National Industrial Coordinator for the NTEU whilst also acting as a Director and then CEO of Church Street Children’s Centre during the period from 2015 to 2017. Previously, Sarah has worked for the University and College Union in the United Kingdom and in 1999, was President of the University of Melbourne Postgraduate Association. Sarah is a member of the Australian Institute of Employment Rights, Australian Labour Law Association, Women in Super and Women on Boards. Sarah has completed the AIST Trustee Director Course and in an ancillary role, is a guest lecturer at RMIT University.

    Current directorships/other positions:

    • Nil

    Special responsibilities:

    • Nil

Board structure

Directors

Our 37 shareholder universities appoint 8 directors to the UniSuper Board:

  • 2 directors are nominated by Vice Chancellors
  • 2 directors are nominated by Consultative Committee members who represent employers
  • 1 director is nominated by Consultative Committee members who represent academic staff
  • 1 director is nominated by Consultative Committee members who represent professional staff
  • 2 directors are nominated by the national unions who represent a significant number of UniSuper members.

Independent directors

Our 8 shareholder-appointed directors appoint:

  • 3 independent directors based on their skills, knowledge and experience.

Directors’ independence

UniSuper has specific requirements relating to the Board's independence:

  • The UniSuper Constitution requires 8 directors to be nominated with equal numbers representing employers and members. These directors then appoint 3 independent directors. All directors bring knowledge and expertise to the Board and together complement and balance the various interests represented.
  • All directors of the Trustee Board are non-executive and independent of management.
  • Directors must be free from any interest and any business or other relationship which could, or could reasonably be perceived to, materially interfere with their ability to act in the best interests of the Fund.

Board term

The term of appointment for each director is 3 years. Directors are eligible for re-appointment at the end of each 3-year term.

If a director retires or resigns mid-term, a replacement is appointed in accordance with the constitution to serve the remainder of the term.  

The Constitution of UniSuper Limited sets out the process for removing directors from the Board. The process depends on whether the directors represent members and employers or are independent. In general terms:

  • The Consultative Committee, or other bodies responsible for their appointment, can recommend the removal of directors representing members or employers
  • Independent directors can be removed by a resolution of the directors representing members and employers.

Board's roles and responsibilities

The role of the Board is to:

  • govern the operations of UniSuper
  • ensure the Fund is administered in accordance with the Trust Deed and our governance guidelines, and
  • determine the strategic direction of the Fund.

The responsibilities of the Board include:

  • providing guidance and helping to develop and approve UniSuper’s strategic plan
  • reviewing and approving business plans, financial plans and the annual budget
  • overseeing and monitoring:
    • investment policy and performance
    • organisational performance and the achievement of UniSuper’s strategic goals and objectives
    • our compliance with UniSuper’s Code of Conduct
    • progress of major capital expenditures and other significant corporate projects
    • UniSuper’s financial performance including approving the annual financial reports and working with our auditors
    • the operation of UniSuper’s systems for compliance and risk management reporting
  • appointing, assessing and, if necessary, removing the CEO
  • ensuring there are effective management processes in place and approving major initiatives, and
  • enhancing and protecting UniSuper’s reputation.
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