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Directors
Last Updated : 19 Jan 2010
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AGEST Super Pty Ltd (ABN 44 007 390 392) is the trustee company that is responsible for the management and investment decisions of AGEST. The trustee company was established by the Australian Government and the ACTU in 1990.

The Trustee Board has 7 Directors:

• 3 Directors are appointed by the Minister for Finance
• 3 Directors are appointed by the ACTU
• the seventh Director is the independent Chairperson who is jointly appointed by the Minister for Finance and the ACTU.

Appointments continue until withdrawn by their nominee (Minister/ACTU) or they resign.

The Trustee holds indemnity insurance to protect the Trustee and fund assets from losses arising from claims against it. This cover is provided by Chubb Insurance Company of Australia with co-insurer Liberty International Underwriters.

Chairperson and Independent Director

• Ms Linda Rubinstein
  (Appointed by the Australian Government and ACTU effective 22 October 2008)
  
  Director, Pro Bono, Holding Redlich Solicitors. Former Senior Industrial Officer, ACTU. Director of another superannuation fund.

Other Directors

• Ms Cath Bowtell
  (Appointed by the ACTU effective 1 April 2005)
  
  Senior Industrial Officer, ACTU; Director of another superannuation fund.
  
  
• Ms Sue Dahn
  (Appointed by the Minister effective 26 March 2009)
  
  Partner, Pitcher Partners; Director of another superannuation fund.
  
  
• Mr Mark Gepp
  (Appointed by the ACTU effective 1 November 2008)
  
  Assistant National Secretary, Community and Public Sector Union (CPSU).
  
  
• Mr Tony Hyams
  (Appointed by the Minister effective 9 October 2000; reappointed 12 August 2004)
  
  Senior Adviser, Credit Suisse; Director, Australian Maritime Safety Authority. Chairman of another superannuation fund.
  
  
• Ms Gail Owen, OAM
  (Appointed by the Minister effective 3 May 2000; reappointed 12 August 2004)
  
  Partner, HWL Ebsworth; previous experience as a Director of other superannuation funds. Ms Owen was awarded the Medal of the Order of Australia (OAM) on Australia Day 2006 "for service to the law, particularly through executive roles in a range of professional organisations".
  
  
• Ms Catherine Wood
  (Appointed by the ACTU effective 14 December 1995)
  
  Former Executive Officer, Trade Union Training Authority; Director of another superannuation fund.

Trustee Committees

The Trustee has established committees to deal with issues and make recommendations to the full Board. The current committees are outlined below.

• Audit and Risk Management Committee
  Gail Owen (Chair), Cath Bowtell, Mark Gepp
  
  
• Insurance Committee
  Catherine Wood (Chair), Gail Owen, Mark Gepp
  
  
• Investment Committee
  Tony Hyams (Chair), Catherine Wood, Linda Rubinstein, Cath Bowtell, Sue Dahn.

   

Directors' Remuneration

Remuneration paid to Directors recognises the time, experience and responsibility required of those people.

This remuneration is paid directly to the Director (or to their nominated superannuation fund) except in the case of Cath Bowtell whose fees are paid to her employer (ACTU).

Current remuneration is noted below.

Chair of the Board: $61,800 pa

Other Directors: $43,260 pa

Audit and Risk Management Committee Chair
$6,180 pa (in addition to Director fee)

Investment Committee Chair
$8,240 pa (in addition to Director fee)