The Board and Management

Superannuation Holdings Pty Ltd as trustee for the CBH Superannuation Fund is responsible for the governance of the CBH Superannuation Fund. The Board of Directors manage the Fund's business in accordance with the Fund's Trust Deed and Rules and all relevant laws and regulations.

To ensure the Board of Directors can fulfil its responsibility, a governance framework has been developed which consists of a number of policies which involve elements such as clear roles and accountabilities through processes and procedures for the Fund's operations, compliance and risk management and appropriate strategic planning. To view the Fund's Governance Policy, click here.

The Directors of the Trustee are:    

Independent Directors

Member Elected Directors

CBH Group Appointed Directors


Christopher (Chris) Clausen (Chairman)



Simon Gilders


Richard Codling


Sharyn Long



Gregory (Greg) Thornton


Edward (Ed) Kalajzic

 

Other Executive Officers

The Fund has the following Executive Officers who assist the Directors in managing the Fund:

Chief Executive Officer

Chief Investment Officer

Risk and Compliance Manager

 

Donna Adam


 

Brendon Shepherd

 

Jennifer (Jenni) McLaughlin


Executive Officer Information

The Trustee Directors formally meet at least six times per year to review the administration and financial performance of the Fund. Detailed reporting is provided for review, enabling the Trustee Directors to make changes when necessary.

The Trustee Directors also convene meetings as and when required to consider specific issues impacting the Fund such as:

·     investment performance;

·     compliance and risk management; and

·     strategic and business planning.

Board and Executive Officer Remuneration

Employer appointed and Member elected Directors of the Fund Trustee receive no remuneration from the CBH Superannuation Fund or any related entity of the Trustee for their services. Each of these executive officers are or were employed by Co-operative Bulk Handling Limited (CBH). CBH is not a related entity of the Trustee. No disclosure of the remuneration of these executive officers is required under the Superannuation Industry (Supervision) Act 1993.  However, where the Fund appoints Independent Directors, they will be remunerated by the Fund. The current Independent Director (Chairman), elected not to receive his remuneration until after 1 July 2016. Ms Sharyn Long commenced with CBH Super during the 2016-17 financial year.

The Fund's current Chief Executive Officer (CEO) is Donna Adam. She was the Fund Secretary from 9 December 2011 to 8 October 2015. The current Chief Investment Officer is Brendon Shepherd.  He was the Fund's Investment Manager during the period 20 May 2015 to 31 October 2015.  The Fund's Investment Manager for the period 4 November 2014 to 30 April 2015 was Anton Loukine.  The current Risk and Compliance Manager (RCM) is Jenni McLaughlin. She was appointed as RCM on 1 November 2015.

Remuneration paid is as follows:

2015 - 16 (8 months, 1 November - 30 June 2016)

Individual

Salary

Super

Allowance

Total

Donna Adam^

$140,243

$15,155

$0

$155,398

Brendon Shepherd

$135,968

$14,088

$0

$150,058

Jenni McLaughlin

$56,786

$5,394

$0

$62,180

^ salary paid by CBH prior to 31 October 2015.

2014 - 15

Individual

Salary

Super

Allowance

Total

Anton Loukine

$79,508

$7,553

$10,000*

$97,061

Brendon Shepherd

$88,601

$10,917

$0

$99,518

 * allowance paid for relocation costs

Directors Development Program

The Trustee Directors have established an induction program for newly elected or appointed Directors. The program assists new Directors to gain an understanding of the role of a Trustee Director of the Fund and the environment in which it operates.

The Trustee Directors also participate in further education to ensure that, in accordance with both strategic and regulatory business, they are capable of the responsibilities of their office.

Other documents and information