Board Nominations

The Board is calling for nominations from Members who would like to be considered for a role as a non-Executive Director.

Following a review of our strategy and the succession needs of FINSIA and its Board, the following skills, experience and/or attributes have been identified as important or additional elements being considered for the next Board non-Executive Director appointments:

• Not-for-profit or membership bodies
• Technology (systems, infrastructure, security)
• Customer service

In keeping with the Constitution, the Board is also seeking to ensure diversity amongst the Board Directors, including age, gender identity, ethnicity/cultural background and regional representation.

Candidates will be able to demonstrate experience working in a senior leadership position across one or more of the following areas: not-for-profit or membership body, financial institutions, top 100 ASX listed companies, major professional services firms and/or government/regulatory bodies or major banking group.

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. Two Directors fall within paragraph (b) above, being Ms Carolyn Kidd and Mr Andrew McNeill.
Ms Carolyn Kidd and Mr Andrew McNeill will be seeking re-election. Therefore, there will be two (2) vacancies at the Directors’ election in 2024.

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 Terms of Reference document. Candidates should address the details contained in the Terms of Reference document and attachments (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 23 February 2024. Candidates must be available for interviews during the week of 2-9 April 2024 (all dates inclusive).