Seven Directors sit on the GESB Board, overseeing the strategic direction and management of a global investment portfolio of over $23 billion as at 31 December 2016. The Board is led by John Langoulant who was appointed as Chairman in March 2011.
Under the State Superannuation Act 2000, the Board has responsibility for the management of the GES Fund and administration of GESB's schemes. It monitors achievements against declared objectives and ensures that GESB complies with superannuation related legislation and policies. The Board sets high standards of governance, with a focus on risk, return, diversification, liquidity and sustainability to meet the needs of members.
GESB's operational scope includes investment management, administration of the defined benefit, accumulation and retirement schemes. This requires a high and varied level of Board expertise and experience, gained across diverse industry and government environments.
In order to achieve the best practice operating standards outlined by the Australian Prudential Regulatory Authority (APRA), the Board undertakes continuous education, ensuring that they meet and maintain educational and technical competencies that enable them to effectively discharge their duties in a knowledgeable and prudent manner.
Our Board members
As at February 2017
Members of the Board include an independent Chairman, three Employer Directors appointed by the Governor of the State of Western Australia, and three Member Directors, who are appointed via elections conducted by UnionsWA. Currently, all the Board Directors are non-executive Directors, appointed for a maximum of five years and eligible for reappointment.
John Langoulant - Chairman
Mr Langoulant was first appointed as Chairman of the Board in March 2011, for a five-year term. Mr Langoulant's appointment was renewed for a second five year term, effective 7 March 2016.
Mr Langoulant has extensive experience in government and the private sector, including as Under Treasurer of Western Australia.
Mr Langoulant served as Chief Executive Officer (CEO) of Oakajee Port & Rail until 30 June 2013. His previous Chief Executive positions were at Australian Capital Equity and the Chamber of Commerce and Industry of Western Australia.
Mr Langoulant holds several other Board positions, including Chairman of the Telethon Kids Institute and Chairman of the Dampier Bunbury Natural Gas Pipeline. In addition, Mr Langoulant consults to Curtin University, Westpac and Deloitte.
Ms Clarke was appointed to the Board on 2 April 2015 as Member Director. This is her first term serving on the Board.
Ms Clarke graduated from the University of Notre Dame, with a double degree in Law (honours) and Human Resource Management.
Her professional experience includes working in both the public and private sectors. Ms Clarke is currently a Research Officer for United Voice WA.
Previously, Ms Clarke worked as a lawyer for Ashurst Australia, and has held positions at Legal Aid WA and the Department for Planning and Infrastructure. She has also completed volunteer work with the Aboriginal Legal Service and the Mental Health Law Centre.
Mr Ellis was first appointed to the Board in November 2010, and was re-appointed for a third three-year term on 1 November 2016 as Employer Director.
Mr Ellis is a Barrister at Francis Burt Chambers specialising in commercial litigation and alternative dispute resolution. Mr Ellis commenced practicing as a lawyer in 1983 and was a partner at Freehills for more than a decade. Mr Ellis holds a Bachelor of Jurisprudence, a Bachelor of Laws and a Master of Laws from the University of Western Australia. He also holds a Diploma in International Commercial Arbitration from Queen Mary College, University of London.
Mr Ellis is a Chartered Arbitrator, a Fellow of the Chartered Institute of Arbitrators and a National Councillor of the Institute of Arbitrators and Mediators Australia.
He was a Member of the Superannuation Complaints Tribunal from 2005 until 2010 and is a Senior Sessional Member of the State Administrative Tribunal.
Mr Farrell, first elected to the Board in 1996, served seven three-year terms as Member Director. This appointment expired in February 2017.
Mr Farrell is a former Vice President and Industrial Advocate of the State School Teachers' Union of Western Australia. In 2001, he was made a Life Member of the Australian Education Union. Mr Farrell retired in 2004 after a long career as a lecturer in mathematics for Technical and Further Education (TAFE).
Mr Farrell holds a Bachelor of Science degree, a Diploma of Education and a Post-Graduate Diploma in Applied Physics. He also holds a Company Directors Course Diploma, is a Fellow of the Australian Institute of Company Directors and is a Member of the Australian Institute of Physics.
Ms Gisborne was appointed to the Board as Member Director in February 2017, for a period of three years. This is her first term serving on the Board.
For more than 15 years, Ms Gisborne was an executive member of the State School Teacher's Union (SSTWA), which looks after the interests of WA teachers in the workplace and promotes public education to the wider community.
Ms Gisborne was President of SSTWA from 2008 to 2013, and was appointed trustee of the organisation as part of this role. While at SSTWA, her responsibilities included executive board compliance, financial management, appointments and management of staff, policy development, and strategic planning.
Between 2005 and 2013, Ms Gisborne completed two one-year terms as President of UnionsWA. During this time, she was also an executive member of the Australian Education Union.
Ms Gisborne is currently employed as a teacher at the Education Department of Western Australia, and holds a Bachelor of Arts and Diploma of Education from the University of Western Australia.
Ms Nance was appointed to the Board in March 2011 for a period of five years, and was re-appointed on 7 March 2016 for her second five-year term as Employer Director.
Ms Nance is a Partner and Actuary at PricewaterhouseCoopers (PWC), where she heads the national Retirement Incomes and Asset Actuarial Consulting Group.
Ms Nance has more than 20 years' professional experience advising governments, companies and superannuation funds in superannuation, employee benefits, investment consulting, aged care, finance and investment-related work.
Ms Nance is also a Director and Chair of the Audit Committee of the Western Australian Treasury Corporation. Ms Nance has a BSc in Pure and Applied Mathematics and Physics and a BA in Statistics from the University of Queensland. She is an Affiliate of the Institute of Actuaries (London), a Member of the Chartered Financial Analysts Institute, a Fellow of the Financial Services Institute of Australasia and a Fellow of the Actuaries Institute of Australia.
Mr Sciarrone was appointed to the Board on 21 February 2016 as Employer Director for a term of five years.
Mr Sciarrone holds a Bachelor of Business Degree (Economics and Finance) from Curtin University.
He holds a number of memberships including the Australian Institute of Company Directors, the Financial Planning Association, and the Association of Superannuation Funds of Australia (ASFA).
Mr Sciarrone has extensive experience in the investment and wealth management industries, and as a trustee director of private and public sector superannuation funds.
Mr Sciarrone is currently the Managing Director of Vantage Wealth Management, the Chairman of the Fire and Emergency Services Superannuation Fund and 12 Buckets Inc. (a charitable organisation) as well as a Director of several other private companies.
Mr Townsing was appointed to the Board as a Member Director in July 2012, for a period of three years. Mr Townsing's appointment has been renewed for another three-year period, until July 2018.
Mr Townsing is a Senior Developer at the Department of Transport, where his experience extends across systems analysis and design, application development, database administration and design and capacity planning.
With more than 20 years' experience in Information Technology (IT), Mr Townsing has designed, developed and implemented a range of computer systems while at the Department of Transport, including the Private Boat and Mooring Registration system and its associated revenue management system.
In addition to his role at the Department of Transport, Mr Townsing is a serving Community and Public Sector Union/Civil Service Association Councillor and serves on the Public Service Appeals Board.