Diversity the key to good governance
We believe that corporate governance is fundamental to ensuring that the Trustee and the Fund are managed properly and deliver long-term results to fund members.
Composition of the Board
The Board is comprised of four Employer Directors, four Member Directors and four Independent Directors.
Transitioning to a governance model in which one third of the Board are Independent Directors, has enriched the Board’s insight, discussion and capacity for fully informed and improved decision making. In addition, our governance model ensures continuity of focus on the interests of members and employers.
The Board’s composition reflects our commitment to ensuring our members and employers can be confident that our Directors have the appropriate diversity of experience, skills, education and perspectives to manage the Fund in accordance with its governing rules, relevant laws and in the best interests of the members of the Fund.
Skills-based Board and Executive Team
The Trustee is committed to ensuring that, collectively, our Directors and Executive Officers have the full range of skills needed for the effective and prudent operation of the Trustee’s business operations, and that individually each Director has the skills that allow them to make an effective contribution to Board deliberations and processes. The Trustee is also committed to ensuring that Directors and Executive Officers collectively have the necessary skills, knowledge and experience to understand the risks associated with the Trustee’s business operations, including its legal and prudential obligations, and to ensure that the Trustee’s business operations are managed in an appropriate way taking account of these risks.
The Directors and Executive Officers bring a range of skills and experience together to form a team that is responsible for the day to day and strategic operations of the fund.
Our Board committees
The Board has established six committees, which assist the Board to fulfil its statutory, fiduciary, governance and regulatory responsibilities.
Find out more about the functions, responsibilities and structure of the Board committees.
Key governance documents
Find out more about the structure, rules and policies that inform the way in which we manage the fund.
When material changes are made to the fund we have a responsibility to inform our members, especially in circumstances where a change may have an impact on retirement savings.
A significant event notice (PDF) is sent when a change (or event) will affect a member’s investment. This could be a change in fees and costs, a change to insurance premiums or cover, or where a member’s benefit may be transferred without their consent.
These notices are sent out to all affected members, informing them of the decision and the impact it has on their account.
We will communicate these notices via our member newsletters, or in the event it occurs outside of the publication schedule a standalone communication will be sent.
Timing of significant event notices:
- Change or event that increases a fee or charge will be sent at least 30 days before it occurs.
- Change or event that does not relate to an increase to a fee or charge will be sent as soon as possible, but not later than 3 months after the change or event occurs.
A material business activity is one that has the potential, if disrupted, to have a significant impact on the Trustee’s business operations; the Trustee’s ability to manage risks effectively; the interests or reasonable expectations of beneficiaries; and/or the financial position of the Trustee or the Fund.
The Trustee has determined to outsource a range of material business activities, refer to our list of material service providers (PDF, 41 KB) for details.
As an industry superannuation fund, Catholic Super is run only to benefit members. Catholic Super’s remuneration practices reflect this, with the need to resource the fund in order to provide high quality service to members.
View a summary of the Board of Directors and Executive Officers remuneration for the year ended 30 June 2019 (PDF, 53 KB).
View a summary of the Board of Directors and Executive Officers remuneration for the year ended 30 June 2018 (PDF, 475 KB).