Our Board Committees

Investment Committee

The Investment Committee is responsible for assisting the Board with oversight of the investment of Fund assets. The committee’s principal duties and responsibilities include:

• Recommending to the Board the investment objectives for the Fund and its various investment options
• Recommending to the Board the investment policy for the Fund
• Reviewing the adequacy of the Fund’s investment options and their ability to meet members’ retirement needs
• Monitoring investment performance, including the performance of external investment managers.

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Legal and Governance Committee

The Legal and Governance Committee is responsible for assisting the Board to discharge its corporate governance and oversight responsibilities in relation to the Fund’s corporate structure including in relation to such matters as material litigation, ART subsidiaries, and ART’s Product Disclosure Statements.

Members

Bruce Cowley (Chair)
Aaron Santelises
Andrew Fraser
Elizabeth Hallett

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Member Outcomes Committee

The Member Outcomes Committee is responsible for assisting the Board discharge its corporate governance and oversight responsibilities in relation to:

• Ensuring that the Fund strives to achieve the best outcomes for members holistically and that all decision making is fair and reasonable and considers all cohorts of members including vulnerable consumers with a view to ensuring that the best interests of members remain at the centre of the Fund’s decision making
• Aiming for world class outcomes for members including review of Australian and international superannuation funds and retirement schemes, with a view to adopting best practice
• Ensuring that the Fund has the right tools (including data analytics), benchmarks and key performance indicators to assess whether it is meeting (and ideally exceeding) member expectations
• Reviewing the member outcomes assessment, the dispute resolution system and target market determinations, including areas that drive member outcomes.

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People and Nominations Committee

The People and Nominations Committee is responsible for assisting the Board in fulfilling its regulatory oversight, by ensuring that the Australian Retirement Trust Group has a clearly articulated and appropriate remuneration framework that fairly and responsibly rewards individuals (directors and staff), having regard to performance, risk management, legislative requirements and the highest standards of governance. The committee also considers the appointment and performance of the CEO, as well as Board appointments including nominees’ Fit & Proper requirements.

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Risk Committee

The Risk Committee assists the Board to meet its corporate governance and oversight responsibilities in relation to:

• Internal audit
• Information security risk
• Risk Management
• Compliance
• Business continuity
• Corporate insurance.

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Technology & Transformation Committee

The Technology & Transformation Committee assists the Board in fulfilling its oversight responsibilities with respect to the overall role of technology in executing ART’s Strategy including, but not limited to:

• Major technology investment
• Technology strategy
• Operational performance
• Information security issues.

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Valuations Oversight Committee

The Valuations Oversight Committee is responsible for the oversight of matters associated with investment valuations and policies, especially in relation to the valuation of unlisted assets.