Media Super appoints independent director
Industry super fund Media Super has appointed former NSW Deputy Premier Carmel Tebbutt as an independent director.
Media Super Chairperson Gerard Noonan said that a director with Carmel Tebbutt's skills and experience will strengthen the overall governance of the fund.
"In government, Ms. Tebbutt managed challenging and complex portfolios. She has strong financial and risk management skills, and has been responsible for large portfolios with significant budgets", Mr. Noonan said.
"Media Super has previously had several independent directors, so the addition of an independent director to the board will be an easy transition," he said.
"Media Super remains resolutely committed to the 'equal representation' model that provides direct representation for employees and employers in the printing, media, entertainment and arts industries," Mr. Noonan said.
Ms. Tebbutt said she was excited to be appointed as an independent director for Media Super and was looking forward to bringing her skills, knowledge and experience to the board.
"Superannuation plays a critical role in providing financial security for people in their retirement. I am passionate about the industry superannuation 'all profits to members' model where board decisions are guided solely by member's interests," she said.
"Good governance is essential if superannuation funds are going to deliver superior returns to members. I look forward to working with the other directors to ensure Media Super continues to provide effective, portable and secure retirement options for employees in the print, media, entertainment and arts industries," Ms. Tebbutt said.
Ms. Tebbutt is also a Director of The Lysicrates Foundation, which promotes the performing and visual arts.
During her 17–year parliamentary career, Ms. Tebbutt served as the Minister for Health, Minister for Climate Change and the Environment, Minister for Commerce, Minister for Education and Training, Minister for Community Services, Aging & Disability Services and Minister for Juvenile Justice.
Ms. Tebbutt's early career was in the finance sector after graduating with an economics degree.