Industry fund Non-Government Schools Superannuation (NGS Super) is set to conduct a board governance review with the assistance of the Australian Institute of Superannuation Trustees' (AIST) board appraisal service.
AIST general manager Maryann Mannix-White and IFS Legal partner Phil Spathis will run the review, which is due to start within a month.
NGS Super chief executive Anthony Rodwell-Ball said the review was an opportunity to test the "fitness and propriety" of the responsible entity.
"We are trying to objectively assess the fitness of the officers and to make sure that they have the skills necessary to function as a director," Rodwell-Ball said.
The key competencies the review will examine are investments, human resources, marketing, governance, strategic planning and financial.
"We will see if there are enough ticks in all of these boxes to say we are generally fit in terms of the board," Rodwell-Ball said.
It was unlikely any board members would change position as a result of the review, he said.
"I would be surprised if any board changes come out of it," he said.
The upcoming review is the first NGS Super has undertaken in around three years and it is expected to be completed during November.
AIST launched its board appraisal service last year with IFS Legal. It is designed to provide independent appraisals and to tap into the specialist knowledge of the two organisations.
IFS Legal is run by Spathis and David O'Sullivan and advises industry funds on all aspects of superannuation, managed investments, commercial and general industrial relations issues.
"The service - peer reviewed by the Australian Prudential Regulation Authority - has been well received by industry with several board appraisals already completed," Mannix-White said.
