Why AustralianSuper is helping send directors to school
Former BHP chairman Ken MacKenzie will help start a new course for ASX 200 directors that has won the backing of the $385 billion superannuation giant.
Shaun Manuell, the head of Australian equities at $385 billion giant AustralianSuper, says the fund’s decision to provide seed capital and institutional support for a new education program for directors of ASX 200 companies boils down to a simple formula.
“Better directors lead to better boards, which in turn lead to better outcomes from companies,” Manuell says. “We’re sponsoring this program because, as a long-term investor, we see how it can deliver long-term benefits to corporate Australia, which feeds through to more value for members.”
