MTAA Super picks up major Industry award and appoints fourth female Director
27 May 2015 - MTAA Super's Double Delight
MTAA Super, an $8.5 billion dollar superannuation fund, has staged an impressive comeback, winning the prestigious Fund of the Year-Medium at the Conexus Financial Superannuation Awards.
At the black tie awards ceremony in Sydney’s Ivy Ballroom, Chief Executive Officer Leeanne Turner said it was a great honour to receive the award and paid tribute to the staff and the Fund’s Board of Directors.
“This award means a great deal to us. It recognises the hard work and dedication of a passionate team, who have committed to putting the wellbeing of our 260,000 members first,’’ she said.
MTAA Super Chairman, John Brumby said “It’s been quite a journey for MTAA. When I became chair four years ago we had come through a big dip post-GFC and we needed to make a lot of changes.”
“We restructured the strategic asset allocation, management of the organisation and introduced a new Board governance model, composed of equal representation from employers, employees and independents. The new board structure received much attention within the industry as a best practice example of board diversity and independence.’’
On the subject of Board diversity, MTAA Super is also pleased to announce the appointment of Rhonda O’Donnell, its fourth female representative director. With Ms O’Donnell’s appointment, MTAA Super further drives gender diversity in the Boardroom, achieving 44% female representation in the largely male dominated finance and super industry.
According to the government’s Workplace Gender Equality Agency’s* most recent data, only 19.4 per cent of board member positions in the Finance and Insurance Services sector are held by women. Additionally, the Australian Institute of Company Directors (AICD) cites that only 20.4 per cent of ASX 200 boards are comprised of women**.
Ms O’Donnell has an impressive background as a successful executive and board member in both the private and public sectors. She has extensive experience in international and local industries including telecommunications, information technology, education, government and utilities.
CEO Leeanne Turner said she was proud of the achievements MTAA Super had made in recent years, proving its resilience during a time of rapid change in both the superannuation as well as motor trades industries where a large portion of its membership is based.
The awards were created by Conexus Financial, publisher of Investment Magazine, to encourage superannuation funds to raise the bar in all aspects of their operations for the benefit of all super members and consumers.
* Statistics reproduced with permission from the Workplace Gender Equality Agency.
** Statistics reproduced with permission from the Australian Institute of Company directors.