Corporate Governance :: Board Committees
Investment Committee
The Committee's Charter includes the following duties and responsibilities:
- to review investment policy in respect of TOWER Australia Group’s shareholder funds and policyholder funds.
- to review risk management policy and statements in respect of investment management, including derivative policy.
- to consider the establishment, adjustment or deletion of limits and counter party approvals and the scope of financial instruments to be used in the management of TOWER Australia Group's investments.
- to review appointment of external investment managers.
- to monitor investment and fund manager performance.
- to monitor compliance with investment policies and client mandates.
Committee Membership
The Charter for the Committee requires that it comprise a minimum of three suitably qualified members (including at least two Non-Executive Directors). The Board appoints the Chairman of the Committee who must be a Non-Executive Director. The Committee members are Elana Rubin (Chair), Jim Minto and Rob Thomas. The Committee meets a minimum of three times a year.
