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Board nominations for 2022 have now closed

FINSIA — the Financial Services Institute of Australasia — is Australasia’s leading membership organisation for the financial services industry.

FINSIA's heritage is over 130 years of progressing financial services knowledge and conduct to high standards. More importantly than ever FINSIA is the connector of key stakeholders, industry regulators, government and education providers to help deepen trust in financial services by raising standards of professionalism. FINSIA enables the advancement of competence and integrity for the benefit of professionals, customers and society. 

Nominations are open for the election of FINSIA Directors in 2022. 

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Board Criteria

The Board is seeking Professional Members with experience in financial services and allied fields. Following a review of strategy and succession needs of FINSIA and its Board, strong experience in one or more of the following areas is sought:

  • banking
  • securities markets
  • financial advice
  • wealth management
  • professional education delivery
  • fintech, digital and social media
  • sales and stakeholder relationships marketing/communications

Candidates will be able to demonstrate experience working in a senior leadership position across one or more of the following areas: major banking group, financial institutions, top 100 ASX listed companies, major professional services firms and/or government/regulatory bodies.

Candidates should have a demonstrated understanding of corporate governance, strategy execution and of director’s duties and responsibilities and possess high standards of ethics, proven leadership skills, be analytically minded, solutions focused and visionary. Nominees with previous board experience or with senior executive experience in large financial institutions will be highly regarded.

FINSIA’s objectives include gender equality in the governance of the organisation and diversity of experience, thought and skill set on the Board. To encourage broader geographic representation, candidates who are non-Sydney based are encouraged to apply.

Nominate for the Board

Professional Members (i.e. Life Member, Senior Fellow, Fellow, Senior Associate or Associate) can nominate for the Board using the prescribed nomination form. The Director Nominations Committee review each nomination, interview candidates and advise the Nominations and Remuneration Committee of the Board on the suitability of each nomination having regard to FINSIA’s published selection criteria. The Director Nominations Committee conducts a rigorous interview process to ensure that the most suitable candidates are put forward.

If the number of nominations received is equal to or less than the number of positions, no ballot is required. Where an election is required, it will be held before the next Annual General Meeting (AGM). A duly appointed Returning Officer will advise members of the procedures for electronic voting via an election website. The result of the election will be declared at the AGM.

The following Directors, automatically retire from office at the conclusion of each annual general meeting:

(a) any Director filling a casual vacancy at the time of the sending of notices of that meeting;

(b) any Director who has held office for 3 or more consecutive annual general meetings or more than 3 years since the annual general meeting at which they were last elected.

A Director retiring from office is eligible for re-election, but no Director can hold office for more than 3 consecutive terms. For this purpose, terms are “consecutive” unless broken by a period of at least 12 months.

There are no Directors who fall within paragraph (a) above.  Four Directors fall within paragraph (b) above, being Ms Victoria Weekes, Mr Alan Bardwell, Ms Helen Lorigan, and Mr Cameron Fuller.  Ms Victoria Weekes, President and Director, will retire at the AGM having served the maximum allowable terms on the Board.  Mr Alan Bardwell and Ms Helen Lorigan will be seeking re-election. Mr Cameron Fuller will not be seeking re-election.  Therefore, there will be four (4) vacancies at the Directors’ election in 2022.

A nomination must be received in writing using the prescribed nomination form. It must include the written consent of the candidate and be signed by two Members who are Senior Fellows. A nomination must also include a brief statement (200 words maximum) setting out the candidate’s qualifications and experience in the financial services industry and any other relevant information having regard to the skills and experience outlined above, which are set out in more detail in the selection criteria. Candidates should address each of the selection criteria (as set out in the linked document referred to above) in their statement.

Nominations must be received by the Company Secretary no later than 5.00pm Australian Eastern Standard Time (AEDT) on 18 February 2022. Candidates must be available for interview during the week of 14-18 March 2022 (all dates inclusive).

Notes

The Constitution and By-Laws of FINSIA are available at www.finsia.com.

For any questions, contact the Company Secretary, FINSIA, Level 4, 16 Spring Street, Sydney, 2000, phone +61 2 9275 7900 or email [email protected]

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