Opinion
Time for big super to lift board skills
Big super likes to think of itself as an engine of the financial system. But big funds need to bridge the gap between their directors’ skills and those managing the billions in retirement savings.
Tony BoydContributorThe governance mess at Cbus Super is a timely reminder of big super’s failure to lift the quality of its non-executive directors to the level commensurate with a sector managing $1.4 trillion in retirement savings.
Cbus, which has about $94 billion under management, rightly describes itself as a “major financial institution”. But a cavernous gap has opened up between the skills of those sitting on the Cbus board and the Cbus employees managing the money.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Financial services
Fetching latest articles