Good corporate governance provides a framework for rules, relationships, systems and processes by which our organisation is managed and controlled. Our corporate governance statement influences how our objectives are set and achieved, how risk is monitored and assessed, and how performance is maximised.
For our approach to sound corporate governance, Westfund has drawn from:
- The Australian Prudential Regulation Authority (APRA) Corporate Governance Standard for private health insurers.
- The Corporations Act and the Private Health Insurance Act provide our registration and also impose obligations on the way we conduct our business.
Our Board of Directors is profiled below. Our Company Secretary is Executive Manager- Finance Chris Phillips.
Board of Directors
Graeme Osborne has been Westfund’s Chair since November 2018. Graeme has been a Non-Executive Director of Westfund since 1996. He is a member of the Board Audit, Risk, Remuneration, Nomination and Governance Committees. Graeme has a background in health insurance, mining and financial services.
BCom, FCA, GAICD
Phil Burgett has been a Non-Executive Director of Westfund since 2012. Phil is Chair of the Board Audit Committee and a member of the Risk Committee. His background includes substantial experience in finance and audit, which gives him first-hand experience of the internal workings in many different companies in a variety of industry sectors.
Brian Kelly has been a Non-Executive Director of Westfund since 2010. He is a member of the Board Remuneration, Nomination and Governance Committee. He has extensive experience in the mining industry and is currently Regional Manager of the Western Mines Rescue Station.
LLB BA, MAICD
Michael Serong has been a Non-Executive Director of Westfund since 2014, and a Governing Member since 2007. Michael is a member of the Board Remuneration, Nomination and Governance Committee. Michael holds a Bachelor of Laws and Bachelor of Arts degrees from the University of Melbourne. He has provided legal advice to private health insurers for more than 30 years particularly in respect of the National Health Act 1953 and Private Health Insurance Act 2007, Fund Rules, Corporate Governance, Corporations Act, Competition and Consumer Act, and Employment and Industrial matters.
LLM, BA GAICD
Jordan Tilse has been a Non-Executive Director of Westfund since 2017. Jordan is a member of the Board Risk Committee and specialises in employment law. She has worked in top tier international law firms for over 10 years and is currently Principal and Founder of Law firm Sefton Davis Pty Ltd, based in Melbourne.
Dip. HRM, Associate Degree VET, C.MMA, MAICD, JP
Geoff Wheeler has been a Non-Executive Director of Westfund since November 2017 and is a member of the Board Remuneration, Nomination and Governance Committee. Geoff has a background in the mining industry, working in coal mines for 21 years, before moving to business and hospitality, working as HR Manager, Operations Manager and now General Manager of the Lithgow Workmen’s Club.
BBm, Assoc Dip Bus, GIACD
Brad Williams has been a Non-Executive Director of Westfund since November 2017. He is a member of the Board Audit Committee. With a background in the banking sector, Brad has held positions in multiple financial institutions, including the role of Head of Industries, Unity Bank and Regional Manager – Commercial Banking Centre, Westpac Bank.
Our Leadership Team – Executive Management
Chief Executive Officer (CEO)
With more than 35 years of experience across the member owned banking sector, Mark has a wealth of knowledge and expertise in placing communities at the centre of organisational strategy. Prior to Westfund, Mark served as CEO of Unity Bank which serviced regional communities in both NSW AND Queensland. He also led the Australian Credit Union Movement’s international development activities in the South Pacific and South East Asian regions, and domestic development activities including the development of new credit unions and the expansion of existing credit union services within rural and regional Australia.
Throughout his career, Mark has held several leadership positions with different credit unions and also spent eight years at Australia’s peak credit union body, Credit Union Services Corporation Australia Limited (Cuscal).
Executive Manager – Health Care Services
Liz oversees all Westfund’s health-related services, including Westfund’s Eye Care and Dental Care Centre and the growing suite of Health and Wellbeing programs and initiatives for members. In her role as Executive Manager, Health Care Services, Liz is also responsible for expanding and maintaining the Westfund Provider of Choice Network with dental, optical and physiotherapy providers across Australia.
Liz came to Westfund in 2017 from previous leadership roles at Westmead Children’s Hospital and Sydney Dental Hospital and calls on her extensive 20 year career and qualifications in public and private health facility and staff management to inform her executive role.
Executive Manager – Risk and Compliance
As Executive Manager – Risk and Compliance, Deng has overall responsibility for providing leadership of the governance, risk and compliance, internal audit and legal functions across the Westfund organisation. Deng has more than 15 years experience in the financial services industry, including a role as Group Risk Manager at HBF. Prior to joining Westfund, Deng headed up the risk and compliance function at a leading ASX listed financial services company, based in Perth.
Deng is highly experienced in leading organisations through significant regulatory reforms, in addition to implementing successful risk management frameworks and strategies.
Executive Manager – Sales and Member Experience
Jon drives the strategic direction of the company, focused on advancing growth, streamlining operations and improving member experiences. Jon champions a member-centric approach across the business, overseeing Westfund’s Contact Centre, Care Centre, Claims, Marketing and Communications as well as Corporate Sales.
Jon has a strong history of leading national sales teams in regulated industries, spanning sales, risk, operations and strategy. Prior to joining Westfund, Jon established his career in the banking sector and was most recently an Associate Director at Macquarie Bank where he ran the Business Banking Health Business.
Executive Manager – Technology Services
John is the leader of Westfund’s Technology Services, Digital and Records teams with a vision to ‘inspire and drive innovation with people and technology.’ In his role as Executive Manager – Technology Services, John oversees the ongoing operation of all technology-based platforms, including core and member focused applications.
John joined Westfund after building a career specialising in the private health insurance and software development sectors at Networklogic, Pacific Health Dynamics and Civica. He and his team pioneered the education, development and implementation of the Information Security framework for CPS234 compliance and digital transformation within Westfund.
Executive Manager – Finance
Chris Phillips has more than 15 years experience at Westfund. In his role as Executive Manager – Finance, Chris heads Westfund’s Finance and Product teams, with key responsibilities to develop the fund’s suite of products and to provide financial insight across the business.
With an extensive knowledge of the private health insurance sector and its products, Chris has established a great rapport across the industry. He has held senior management roles across operational, sales, marketing, auditing and analyst functions. Chris is also Westfund’s Company Secretary.
Executive Manager – People and Culture
Bill is Westfund’s Executive Manager – People and Culture, leading the Westfund teams responsible for human resource management, culture, employee experience, organisational development and training. Since joining, Bill has shaped the culture of Westfund, meeting the needs of employees across Australia while also supporting the business’ goals.
Bill has held a number of senior management positions as a Human Resources leader and learning and development enthusiast both in his native England and since his emigration to Australia in 2012. Much of Bill’s career has been spent working in the UK mining sector, where he held leadership roles based in human resources and learning and development. He also held various consultancy roles both in Australia and internationally prior to joining Westfund.