The role of the Directors is to ensure that the Fund is run in accordance with Government legislation and the Trust Deed, and to act in the best interest of all members and beneficiaries. In accordance with the SIS Act, the Board of Directors of the Trustee company is made up of an equal number of employer and member representatives. Two independent Directors have also been appointed to the Board.
The current Board of Directors comprises:
- four employee Directors who are appointed by the Maritime Union of Australia (MUA) and represent members;
- two employer Directors elected by Participating Employers in the seafaring industry;
- two employer Directors appointed by Full Participating Employers in the stevedoring industry; and
- two independent Directors.
Directors are appointed or nominated in accordance with the Constitution.
Member representative directors are nominated by the Maritime Union of Australia on behalf of the members of the Fund. Employer directors representing the stevedoring industry are appointed by the large employers, while employer directors representing the seafaring industry are elected by the participating employers through a ballot system. Directors can only be removed by the same process or if the director no longer meets the fit and proper requirements.
The Trustee also operates under a system of committees and currently has five committees, each with their own charter and responsibilities.
The Audit and Risk Committee has oversight of compliance and risk, internal and external audit functions and governing policies.
The Investment Committee is responsible for conducting due diligence on new investment managers, implementing the investment strategy agreed by the Board and monitoring investment performance.
The Remuneration Committee oversees remuneration of senior executive management, and approves the salary budget for management and staff.
The Benefits Committee deals with death and TPD claims, and complaints regarding insurance, benefit payments or litigation.
The Marketing Committee sets the marketing strategy in line with the business strategy and objectives.
Directors and Management
Padraig Crumlin (Chair)
National Secretary, Maritime Union of Australia
Deputy National Secretary, Maritime Union of Australia
Branch Secretary, South Australia, Maritime Union of Australia
Branch Assistant Secretary, NSW, Maritime Union of Australia
Eric Anthony Wilks
Group GM - Industrial Relations Toll Group
Managing Director, Mermaid Marine Australia Ltd
Company Secretary, D P World Australia Limited
Deputy Chairman, Qube Holdings Limited
Other Responsible Persons
Peter Robertson - Chief Executive Officer
Glenn Davis - Executive Officer
Grant Harslett - General Manager, Investment and Finance
Brad Morcombe - Operations Manager
Valerie Manning - Governance and Risk Manager
Maritime Super indemnifies the Directors against any loss resulting from claims made against them for wrongful acts. Maritime Super has taken out insurance to indemnify the Directors (and other responsible officers) from loss resulting from any claim made against the Trustee for any wrongful act of the Trustee or any other person for whose wrongful act the Trustee is legally responsible. The Directors are not, however, indemnified against fines or penalties imposed by law as a result of negligent or dishonest conduct. No claim has ever been lodged against a Maritime Super Director.