Australian Council of Superannuation Investors (ACSI) chief executive, Ann Byrne will step down from her position later this year.
ACSI president Gerard Noonan said Byrne's five years with the organisation supported its growth into a major force in corporate governance in Australia and bolstered super funds focus on the environmental and social impact of companies.
"Ann's direct style and her intellectual savvy are well known to many chairs and directors of the stock exchange's top 200 companies," Noonan said.
"She has been an articulate advocate on ESG issues for many years and has a deep understanding, on behalf of millions of super fund members, of the importance of improved corporate governance in Australia's corporate landscape."
Byrne has spent the past year involved in a major project to re-organise ACSI's governance and representative structure, Noonan said.
Byrne is former chief executive of UniSuper and Superannuation Trust of Australia (now AustralianSuper) and will continue in her role as elected member of the United Nations Principles for Responsible Investment (UNPRI) organisation, which she has held for three years, until October.
ACSI has started an international search for Byrne's replacement.
The regulator has fined two super funds for misleading sustainability and investment claims, citing ongoing efforts to curb greenwashing across the sector.
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Introducing a cooling off period in the process of switching super funds or moving money out of the sector could mitigate the potential loss to fraudulent behaviour, the outgoing ASIC Chair said.
Widespread member disengagement is having a detrimental impact on retirement confidence, AMP research has found.