The Australian Centre for Financial Studies (ACFS), specialists in leading edge finance and investment research, will present the results of a ground breaking study into the structure of Australian super funds boards on 18 July 2014.
At this boardroom briefing, Elizabeth Ooi, PhD Candidate, Monash University, will discuss a study examining the impact of interlocking on board compensation and fund performance using a sample of 249 Australian super funds from 2004 to 2011.
Ms Ooi said :“The agency relationships, governance mechanisms and practices of pension fund boards are unlike those faced by corporations and so provide an ideal opportunity to examine the theory and practice of interlocking (holding multiple board appointments simultaneously) under non-traditional conditions.”
“This study addresses several issues in the current debate on board composition in the Australian superannuation industry. Specifically, whether lessons from corporate governance can be applied to the pension fund setting and whether the current regulatory approach suitably addresses board practices such as interlocking.”
Wednesday, 18 June 2014 – 10:00am to 11:00am
Level 46, Rialto South Tower, 525 Collins Street
The Australian Centre for Financial Studies (ACFS) facilitates industry-relevant, rigorous research and independent commentary. Drawing on expertise from academia, industry and government, ACFS promotes thought leadership in the financial sector. As specialists in leading edge finance and investment research, ACFS aims to boost the global credentials of Australia’s finance industry, bridging the gap between research and industry, and supporting Australia as an international centre for finance practice, research and education.
Media contact details:
Professor Deborah Ralston
Professor of Finance, Monash University
Executive Director, Australian Centre for Financial Studies
M: +61 419 650 318