This indicates, as at the relevant date, the board structure of the Registrable Superannuation Entity (RSE) licensee.The valid enumerated values are: Equal representation required by legislation = where the RSE licensee is required to have an equal-representation board structure in accordance with the relevant Acts. Equal representation required by governing rules = where the RSE licensee chooses to have an equal-representation board structure in accordance with the relevant Acts. Non-equal representation = where the RSE licensee does not maintain any form of equal representation on the Board.