Regulator collides with funds, unions on push for board term limits (opens original article in a new tab)

The Australian financial services regulator is maintaining new tenure limits for non-executive directors at major institutions despite opposition from companies and unions.

• Financial services regulator insists on new tenure limits for non-executive directors at major institutions
• Companies and unions criticize the regulator for overstepping and lacking evidence for the reforms
• Regulator claims the updated rules balance safety and efficiency for banks, insurers, and super funds
• valence':1,