RACQ seeks board nominations

RACQ seeks board nominations | Insurance Business Australia

Motor & Fleet

RACQ seeks board nominations

Two positions up for grabs

The Royal Automobile Club of Queensland (RACQ) is seeking board nominations for candidates to represent either south east or regional Queensland, the organisation said in a news update today.

Current directors who retire by rotation are eligible for re-election, with both having confirmed their intention to re-nominate, RACQ said.

Members who believe they have the skills and experience to direct and government RACQ have been urged to contact the organisation’s group company secretary if they want to put themselves forward. The deadline for submission is Thursday, 18 May.

Candidates for the RACQ board position must meet a number of requirements, RACQ said, including:

They must be a financial member of RACQ and resident in the area they seek to represent

They must be nominated by at least 30 eligible RACQ financial members

They must not be ineligible under cluse 9.13 of the company’s constitution, for example by being someone who receives continuing remuneration payments or a director or shareholder of an entity with a permanent contractual agreement with RACQ

Elected candidates will join RACQ during a challenging period for many insurance policyholders, with many Queensland families facing cost-of-living expense rises that could leave them unable to afford insurance. RACQ group executive insurance Trent Sayers highlighted the issue in March, commenting that the insurance industry is “facing a perfect storm of challenges”.

“At RACQ, we are very aware of these pressures and are always looking for ways to support our 1.8 million members. This includes being open and transparent about the decisions we make about the price of premiums,” he said at the time.

He also drew attention to the impact of inflation on premiums and qualified trades shortages.

“I want to assure our members that every pricing decision we make is with [them] in mind,” Sayers said in March. “As a member-based organisation, we’re doing everything possible to minimise premium increases for our members while ensuring the Club continues to be financially strong to serve [them].”