The Board has a Board Charter which sets out its powers and responsibilities.
Here is a summary of the Board Charter.
The Trustee Board is made up of nine Directors which are employer and member nominated representatives in equal numbers and one Independent Director.
|Member nominated representatives||Employer sponsor nominated representatives||Independent|
|Grahame Kelly - nominated by CFMEU||Judith Bertram - nominated by QRC||Deidre Wroth - nominated by Trustee Board|
|Mark Watson- nominated by CFMEU||Robert Dougall - nominated by NSWMC|
|Graeme Osborne - nominated by CFMEU||Christina Langby - nominated by NSWMC|
|Glenn Hall - nominated by ETU||Glenn Buckner - nominated by QRC|
The Trustee has established Committees to advise it and make decisions about important issues affecting your super.
The Committees, comprised of Trustee Directors, meet a number of times each year and include:
Makes decisions on how your super is invested, including which investment managers and investment sectors to invest in. Sets investment policy, objectives and strategies
Reviews insurance claims, including disputed and complex claims. Makes decisions on the payment of some claims. Reviews the insurance policy arrangements and oversees the Insurance Management Framework. Here is a summary of the Insurance Committee’s Terms of Reference.
Makes sure Mine Super follows the government’s laws, rules and regulations and company policies and requirements. Monitors risk management, compliance, audit, fraud and whistleblowing frameworks and other governance activities. Here is a summary of the ARCC's Terms of Reference.
Makes sure staff and Directors’ salaries are ‘fair and reasonable’, that remuneration practices meet regulatory requirements and that appropriate nominations functions are undertaken in relation to Director and nominated Executive appointments. Here is a summary of the RAN Committee's Terms of Reference.
Evaluates and presents recommendations to the Board in relation to Merger Opportunities. Here is a summary of the M&A Committee’s Terms of Reference.
|Name||Frequency (approx)||Number of meetings per year|
|Audit, Risk and Compliance Committee||Quarterly||4|
|Remuneration and Nominations Committee||Bi-annually||2|
|Mergers and Acquisitions Committee||Quarterly||4|