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 nominee representatives||Employer nominee representatives||Independent|
|Grahame Kelly - appointed by CFMMEU||Judith Bertram - appointed by QRC||Deirdre Wroth - appointed by Trustee Board|
|Mark Watson - appointed by CFMMEU||Robert Dougall - appointed by NSWMC|
|Anthony (Tony) Maher - appointed by CFMMEU||Christina Langby - appointed by NSWMC|
|Paul Bastian – nominated by AMWU and appointed by CFMMEU||Glenn Buckner - appointed 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||Annually (minimum)||Minimum of 1|
|Mergers and Acquisitions Committee||Quarterly||4|