Funds SA’s Board of Directors are the governing body of the Corporation.
The Board’s primary method of adding value for stakeholders is through:
- Reviewing, advising and approving investment polices, asset allocation strategies and sector strategies based upon management recommendation
- Engaging expert investment managers following thorough research and due diligence undertaken by management and specialist asset consultants
- Effective Board decision-making
- Delegating the efficient implementation of Board approved strategies to management
- On-going monitoring and regular, periodic review of all aspects of Funds SA’s investment processes, performance and risk profile.
The current Board consists of non-executive directors including the Chairman. The Chief Executive is not a member of the Board. Two Board committees assist the Board in fulfilling its corporate governance responsibilities: the Audit Committee and the Human Resources Committee.
The procedure for Board selection and appointment is detailed within the Superannuation Funds Management Corporation of South Australia Act, 1995 Part 3.
Funds SA’s Corporate Governance Policy prescribes the framework for the fiduciary oversight of the performance and control of Funds SA’s operations.
Board
Helen Nugent AO, BA (Hons), PhD (Qld), MBA (Distinction) (Harvard), FAICD
- Chairman of the Board, Chairman of the Human Resources Committee and member of the Audit Committee.
- Funds SA Director since December 2000. Re-appointed December 2006.
- Helen Nugent brings to the Board extensive experience in the financial services sector. She has held both executive and non-executive director level roles within major Australian and international financial organisations. A professional non-executive director since 1999, she is recognised nationally for her contribution to business, the arts and the community.
- Current Chairmanships: Swiss Re Life & Health (Australia); Hudson Australia.
- Current Directorships or equivalent: Australian Institute of Company Directors; Freehills; Macquarie Bank Ltd; Origin Energy; South Australian Economic Development Board.
- Former appointments: Director of Strategy for Westpac Banking Corporation , non-executive director of UNiTAB, State Bank of New South Wales, Mercantile Mutual, Carter Holt Harvey, United Energy and Australia Post, partner of McKinsey and Company, Chairman of the Federal Government's Major Performing Arts Inquiry, Deputy Chairman of the Australia Council, Chairman of the Major Performing Arts Board, Deputy Chairman of Opera Australia and a Director of the Playbox Theatre.
- Residence: Sydney.
Julie Brennan BA (acc), FCA, FTIA, MAICD, SA Fin
- Director and member of the Audit Committee.
- Funds SA Director since November 2002. Re-appointed December 2005.
- A Chartered Accountant and Chief Operating Officer, Julie Brennan brings to the Board a strong business and taxation background.
- Current role: Chief Operating Officer of Michell Securities, a private Adelaide investment business.
- Former Appointments: Director of Horwath SA Pty Limited, Partner of Ferrier Hodgson (SA), Member of the Board of Governors of the State Theatre Company of South Australia, Member of the Board of Governors of the Australian Children’s Performing Arts Company (Windmill Performing Arts).
- Residence: Adelaide.
Anne De Salis BA(Economics), MA, FAICD
- Director and member of the Human Resources Committee.
- Funds SA Director since December 2005.
- A professional non-executive director since 2004, Anne De Salis brings considerable public and private sector experience and expertise to the Board, particularly in the areas of financial services, communications, governance and government, human resources, and health care.
- Current Directorships: NSW TAFE Commission and SAS Trustee Corporation (NSW State Super).
- Former Appointments: Group Executive, Corporate Culture and Communications, MBF Australia Limited; Director AMP Direct, AMP Financial Services; General Manager, Corporate Superannuation and Employee Benefits, AMP Financial Services; Senior Advisor to the then Prime Minister of Australia, Rt Hon PJ Keating; Policy Advisor, Commonwealth Department of Treasury; Director, University of Canberra Council; Director, Veterinary Science Foundation of University of Sydney.
- Residence: Sydney.
Leigh Hall AM, BEc, FCA, FCPA, FCIS, ANZIIF, SF Fin, FAICD
- Director and Chairman of the Audit Committee.
- Funds SA Director since February 2001. Re-appointed March 2007.
- A professional non-executive director since 1999, Leigh Hall brings to the Board a wealth of finance and investment experience from a career in both public and private sector. He was chairman of the Australian Investment Managers Association and was twice President of the Securities Institute of Australia.
- Current Directorships: Babcock & Brown Investors Services Ltd.
- Former Appointments: Deputy Managing Director, AMP Asset Management Australia Limited.
- Residence: Sydney.
Jan McMahon , BA (Hons), FAICD
- Director and member of the Human Resources Committee.
- Funds SA Director since July 1999. Re-appointed July 2005.
- Appointed to the board by the Governor of South Australia upon the nomination of the South Australian Government Superannuation Federation.
- Jan McMahon brings to the Board public and private sector experience and expertise in the areas of workplace safety, workers’ rehabilitation and compensation. Her long commitment to South Australia ’s public sector employees and directorship of Super SA contributes to her role on the Funds SA Board.
- Current Role: General Secretary of the Public Service Association of South Australia (one of the State’s largest unions); South Australian Branch Secretary and Vice President of the Community and Public Sector Union (the largest union in Australia).
- Current Chairmanships: Health Partners.
- Current Directorships or equivalent: Super SA Board; Savings & Loans Credit Union; SA Unions; Australian Council of Trade Unions; Minnie’s Investments; Flinders Finance.
- Residence: Adelaide.
Ros Sumner BEc, BSoc Admin, FASFA
- Director and member of the Audit Committee.
- Funds SA Director since October 2006. Elected as a director by the members of South Australian government superannuation schemes.
- Ros Sumner brings public sector experience and expertise to the Board, particularly in the areas of superannuation and governance.
- Current Role: Consultant ASC Superannuation Fund.
- Current Directorships: Super SA Board, Royal District Nursing Service Foundation Board.
- Former Appointments: Fund Secretary, Australian Submarine Corporation Superannuation Fund; Commissioner of Superannuation, Northern Territory Government; State Director SA/NT Australian Prudential Regulation Authority; Executive Officer, SA Local Government Superannuation Scheme; Manager, SA Superannuation Office, Department of Treasury and Finance.
- Residence: Adelaide.
Jim Wright , BEc (Hons)
- Director and member of the Human Resources Committee.
- Funds SA Director since October 1999. Re-appointed October 2005.
- Jim Wright brings to the Board expertise in taxation, industry policy, macroeconomic policy and fiscal policy. His role as Under Treasurer, Department of Treasury & Finance South Australia enhances the Board’s understanding of state government financial arrangements.
- Current Directorships or equivalent: South Australian Venture Capital Board; Presiding member of the South Australian Government Financing Authority Advisory Board, Observer on the South Australian WorkCover Board.
- Former appointments: Senior Economic Adviser to the Hon. John Dawkins and the Hon. Ralph Willis; Head of the Industry Policy Division in the Commonwealth Department of Industry, Science and Resources; Senior member of the Secretariat of the Ralph Review of Business Taxation, various positions in Commonwealth Treasury.
- Residence: Adelaide.
Post-nominals:
AM Member of the Order of Australia
ANZIIF Fellow of the Australian and New Zealand Institute of Insurance and Finance (formerly the Australian Institute of Insurance)
AO Officer of the Order of Australia
BA Bachelor of Arts
BA (Hons) Bachelor of Arts with Honours
BA (acc) Bachelor of Arts majoring in Accounting
BEc Bachelor of Economics
BSc (Hons) Bachelor of Science with Honours
BSoc Admin Bachelor of Social Administration
Dip.Ed. Diploma of Education
FAICD Fellow of the Australian Institute of Company Directors
FASFA Fellow of the Association of Superannuation Funds of Australia
FCA Fellow of the Chartered Accountants
FCPA Fellow of Certified Practicing Accountants
FCIS Fellow of the Chartered Secretaries Australia
FTIA Fellow of the Taxation Institute of Australia
MAICD Member of the Australian Institute of Company Directors
MA Master of Arts
MBA Master of Business Administration
Ph D Doctor of Philosophy
SA Fin Senior Associate finsia (Financial Services Institute of Australasia formerly the Securities Institute of Australia)
SF Fin Senior Fellow finsia (Financial Services Institute of Australasia formerly the Securities Institute of Australia)