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Independent non-executive director, originally a practising accountant

Key strengths include financial and non-financial management and reporting, including strategic thinking, risk management, understanding operational drivers and corporate governance issues

Merran has considerable experience in the work of audit, risk and compliance committees

She has a particular interest in aligning performance management with corporate strategy

Industry experience includes financial and professional services, insurance, superannuation, health, education, contract management and utilities
 
 
     

biography

MERRAN H KELSALL
B. Com. (Hons.), FCPA, FCA, MBA, FAICD
,

Career Summary
Merran is an experienced, independent non-executive director with expertise in finance, audit, risk, and compliance. She has a strong focus on corporate governance including financial and non-financial external reporting to include strategy and risk management and aligning performance management with strategy. Merran has worked with numerous organisations that have a strong focus on outcomes including both member and public interest.

Merran is the former Chairman and CEO of the Australian Auditing and Assurance Standards Board (AUASB) and Member of the International Auditing and Assurance Standards Board (IAASB). These organisations develop auditing standards in the public interest to assist maintaining confidence in capital markets and the integrity of financial and external reporting, whilst balancing potentially differing stakeholder views. In these roles, she led numerous round tables and individual meetings on many topics both in Australia and internationally to gain stakeholder input on both domestic and international policy matters and technical issues. At IAASB Merran chaired the Integrated Reporting Working Group (IRWG) that issued consultation papers internationally on credibility and trust, including assurance.

She was also a Member of the IAASB Innovation Working Group charged with identifying emerging international issues requiring board attention that resulted in the formation of the IRWG and the Data Analytics Working Group.

Merran gained experience in resolving customer complaints and alternative dispute resolution as the inaugural Chairman of the Public Transport Ombudsman and as a Commissioner at the Taxi Services Commission in Victoria.

She has undertaken significant complex engagement including industry, customer, community and government liaison with members/stakeholders influencing policy and strategy in a number of large mutual organisations, including Cuscal, Superpartners, Taxi Services Commission, RACV and the Public Transport Ombudsman.

Merran has developed a strong interest in disruptive technology and business models and potential impacts on existing business. A fact finding visit to Silicon Valley in 2016 developed her understanding of the critical importance of customer centric thinking and digitisation strategies.

She previously spent over 20 years in public practice. Her industry experience includes financial and professional services; insurance; superannuation; health; education; contract management, utilities and major infrastructure projects, including the water industry. Experienced executive coach and worked in various listed companies.

 

 

Employment History

2004–2017 Chairman and CEO, Auditing and Assurance Standards Board (AUASB) for Australia

2011–2016 Member, New York based International Auditing and Assurance Standards Board (IAASB)

1997 Independent Company Director

1989–1996 Partner in Charge: Business Services Division of BDO Melbourne

1987 Appointed Partner, BDO

1976–1987 Various positions with BDO (formerly Parkhill Lithgow & Gibson)

 

Qualifications and Awards

Fellow, CPA Australia 2011

Meritorious Service Award, Institute of Chartered Accountants, 2007

Australian Institute of Company Directors – FAICD, Residential Program 2004

Melbourne University M.B.A., 2000

Member Institute of Chartered Accountants 1979, Fellow 1991

Melbourne University B Com. (Hons.) 1975

 

Current Board Appointments

CPA Australia Ltd, Director & a Deputy President from October, 2017

RACV Limited and subsidiaries, Director since 2008

Melbourne Water Corporation, Director & Deputy Chair since 2015

Australian Health Service Alliance Ltd, Independent Chairman of board comprised of member CEOs since 2011

Vic Super Pty Ltd, Director since 2016

TarraWarra Museum of Art Ltd, Honorary Director since 2016

 

Previous Appointments and Community Activities

Chairman & CEO, Auditing and Assurance Standards Board (AUASB), 2004 - 2017

Member, International Board (IAASB) 2011 - 2016

Member, Financial Reporting Council for AUASB appointment 2004 – 2017

Commissioner, Taxi Services Commission 2013 – 2016

Director, Superpartners Pty Ltd 2011 – 2014

Director, Melbourne Water Corporation 2001– 2011

Director, Cuscal Limited 2001 – 2010

Director, Avant Mutual Group 2007 – 2008

Chairman, commercial insurance subsidiary Medical Defence Association of Victoria, 2004 – 2007

Director & Chairman, Stockford Limited 2000 – 2002

Director, Colonial Limited 1998 – 2000

Director, CityWide Service Solutions Pty Ltd commercial subsidiary, City of Melbourne 1995 – 2001

Director, IOOF Australia Group 1995 – 1998

Chairman & Deputy Chairman, North Western Health Care Network (previously North Eastern Health Care Network 1995 – 2000

Chair, Public Transport Ombudsman Limited 2004 – 2011

Member, University Council & Deputy Chancellor, RMIT, Chairman, Technisearch Ltd 1989 – 1996

Chairman, Audit Committee Australian Securities and Investments Commission (ASIC) 1998 – 2005

Member Companies and Markets Advisory Committee, (CAMAC) 1999 – 2004

Member Council of Trustees, National Gallery of Victoria (NGV) 2001 – 2010

Director, Transport Accident Commission of Victoria 1987 - 1997

 

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