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About CoINVEST

Corporate Information

For further details on board elections procedures, board committees, constitution, legislation, and risk management view this section.


Mission Statement

To administer long service leave benefits to the construction and allied industries. CoINVEST does so by providing security, accuracy and responsiveness to customers, on a cost effective basis.

1997 Act incorporating 2004 amendments

2004 Amending Act

The industry director election process is carried out according to the Rules specified in the Articles of Association and the Procedures approved by the Board, as attached below:

Election Rules for Worker-Representative Directors

Election Rules for Employer-Representative Directors

Election Procedures for the 2019 Director Elections

Election Notice for the 2019 Director Elections

DIRECTORS

CoINVEST Selection Criteria for Directors (MAR 2020)

CoINVEST Board of Directors Code of Conduct and Charter (MAR 2020)

The procedure for appointing CoINVEST’s Board of Directors is laid out in the company’s Articles of Association. The relevant paragraphs to refer to are as follows:

Article 20 states that there are to be 11 directors, comprising of four who represent Workers, four who represent employers and three being independent.

Articles 22, 23 & 24 outline the appointment and removal processes for each of the three classes of directors.

Article 27 & 28 retirement or removal of directors

Article 52 Composition of the Assessment Committee Schedules 2, 3 and 4 – explain the election rules for the three different classes of directors.

Clause 4 of Schedules 2 and 3 The Qualifications required of an industry-representative director are covered in the “Selection Criteria for Directors”, which are attached above.

Clause 5 of Schedules 2 and 3 This clause sets out the criteria required for an organisation to be eligible to nominate an industry-representative director.