Governance
The Future Fund is overseen by an independent Board of Guardians selected on the basis of their expertise in investment management and corporate governance. The current Board composition is:
| Position | Name | Term commenced | Term expires | Term served |
|---|---|---|---|---|
| Chairman | David Gonski AC | 3 April 2012 | 3 April 2017 | 285 days |
| Guardian | Carol Austin | 3 April 2011 | 3 April 2016 | 70001000000000000001 year, 7002285000000000000285 days |
| Hon. Peter Costello AC | 18 December 2009 | 2 April 2014 | 70003000000000000003 years, 700126000000000000026 days | |
| Susan Doyle | 3 April 2006 a | 3 April 2013 | 70006000000000000006 years, 7002285000000000000285 days | |
| Stephen Fitzgerald | 3 April 2011 | 3 April 2016 | 70001000000000000001 year, 7002285000000000000285 days | |
| Steven Harker | 3 April 2012 | 3 April 2017 | 285 days | |
| Dr John Mulcahy | 3 April 2006 b | 3 April 2015 | 70006000000000000006 years, 7002285000000000000285 days |
The Board was Chaired by David Murray AO between 2006 and 2012. Amidst some controversy it was announced that Gonski would succeed Murray as independent non-executive Chairman when Murray's term expired on 3 April 2012. At the same time, Steve Harker, an investment banker from Morgan Stanley in Australia, replaced Brian Watson as a Guardian.
Read more about this topic: Australian Government Future Fund
Famous quotes containing the word governance:
“He yaf me al the bridel in myn hand,
To han the governance of hous and land,
And of his tonge and his hand also;”
—Geoffrey Chaucer (1340?–1400)