The AFA will ask it members to choose six new directors for its Board with nominations open for the position of President, Vice-President and Director in four states.
The Association has a Board of nine Directors who are required under the AFA’s own Constitution and By Laws, and the Corporations Act, to stand for election every two years with the terms of President, Vice-President, NSW/ACT Director, Victoria Director, Queensland Director and Western Australia Director expiring this year.
Those positions are currently held by Marc Bineham, Michael Nowak, Jeff Thurecht, Sam Robinson, Tim Ross and James Ford, respectively with Bineham and Nowak indicating they will re-nominate for a further term.
The positions of Treasurer, SA/NT Director and Tasmania Director are not open as they were filled at last year’s election and will be re-contested in 2019.
In a note to members, Bineham said the role of the board was to set the strategic direction for the association and to provide strong corporate governance but “…it comes with important legal, cultural and leadership responsibilities appropriate to leading a modern and forward-looking professional body”.
“The extended period of change that we continue to experience will require Directors to make challenging and difficult decisions for the long-term success of the AFA and the broader Financial Advice profession. They will need to maintain a clear vision for the future professionalism of financial advice and the AFA,” Bineham said.
Nominations for the election opened on 13 August and will close on 29 August, and nominees will be required to have been an AFA member for the last three consecutive years, a practicing financial adviser, and subject to screening checks in keeping with changes introduced ahead of the 2017 board elecitons (see: AFA Changes Election By-Laws).
