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Abstract

In a large-scale single industry case study insights are provided into factors affecting
innovation into the superannuation industry in Australia, one of the country’s most
significant service industries. In addition, the links between innovation and corporate
governance are explored.
The major factor leading to innovation was the CEO’s leadership. Barriers to
innovation include structural and cultural inhibitors, low competition within the
Australian Superannuation Industry, high costs involved with the risk and uncertainty
of innovation, difficulties in measuring the success of innovation and a general
resistance among employees. The “sole purpose” test imposed on trustees by
regulation was also perceived as a major inhibitor of innovation. Factors affecting
corporate governance were inadequate trustee skill sets, board decision-making
processes, board composition, current regulations and an ever changing and highly
regulated environment.
In the sphere of governance I found that strategic leadership by the CEO was the most
important factor and the role of the board was minimal. Board composition and trustee
skill sets were not important in innovation.

Item Type:	Thesis - PhD
Authors/Creators:	Backhouse, KM
Keywords:	corporate governance and innnovation within the Australian superannuation industry
Copyright Holders:	Copyright the Author
Copyright Information:	Copyright 2014 the Author
Item Statistics:	View statistics for this item

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