Company Structure
iSelect is an unlisted public (Ltd) company, with approximately 35 percent owned by ninemsn and the balance held by private investors.
With the launch of the company’s life insurance business in 2007, iSelect operates three separate business units, namely iSelect Health Pty Ltd (our health insurance operations), iSelect Life Pty Ltd (our life insurance operations) and iSelect General Pty Ltd (our general insurance operations). All of these companies are 100% owned by the parent company iSelect Ltd which was incorporated on 7 March 2007.
The parent company (and the business units) is governed by a Board of Directors, comprising two executive and five non-executive directors. Please click here for further information and background relating to the individual Board members.
The Directors prime objective is to increase shareholder value within an appropriate framework which protects the rights and interests of shareholders and ensures the company is properly managed through the implementation of sound strategies and actions plans and the development of an integrated framework of controls over the economic entity’s resources.
iSelect’s Board of Directors are committed to the principles underpinning best practice corporate governance, applied in a manner that is most suited to the company and its operations. This is supported by an overriding organisation-wide commitment to the highest standards of ethical behaviour.
The company’s annual financial statements are subject to audit by Ernst & Young in accordance with the Corporations Act 2001.