Members’ Updates

A news bulletin for G100 members.

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Editorial from Janelle Hopkins – Chair

Two years ago I took on the role of Chair of the Group of 100 (G100) thinking we would be dealing with issues in much the same way as we have in the past.  I thought we would hold half a dozen in-person events and several webinars dealing with important issues for the profession.  No one could have predicted the amount of disruption we would go through with the pandemic.  Of course it impacted the way we all did business, but for an industry association the ‘pivot’ was critical and had to happen quickly.

We focussed on the big issues, not only staying relevant, but we pushed issues; we offered access to vital information; met more often virtually; held more briefings; hosted more discussions with key stakeholders; we welcomed new members; and reached more people.

This year we held over 20 webinars, we were able to take advantage of brief windows that opened between lockdowns allowing us to start the year with a dinner function in Sydney, hold our Annual Parliamentary Engagement Day and dinner in Canberra in June, dinner functions in Melbourne and Sydney and finishing off holding CFO Live with the AFR this month.

This is my final editorial; I step down now as my two-year term as Chair of the G100 comes to an end.  I would like to thank the G100 Board for all their support, particularly the two Deputy Chairs, Martyn Roberts and Lawrie Tremaine, and our Immediate Past Chair Andrew Porter.

Thank you all for staying the course with us and for staying involved.  As mentioned in my end of year message last year, we have adapted and again we are in a stronger position.

Working Groups

The G100 working groups continued to provide important research and insights and arranged webinars that dealt with issues impacting the profession.  With the new Capital Markets working group coming online, the following working groups in action:

  • External Reporting
  • Sustainability/Non-financial Reporting
  • Tax Reform
  • Future of the Profession
  • Diversity & Inclusion
  • Capital Markets

The working groups continue to provide members’ senior staff with the opportunity to work on industry-wide issues for experience as well as an opportunity to develop their networks across the industry.

Their work is making up an increasingly important part of the G100 Board’s agenda.  The G100 continues to look for members, particularly for the new Capital Markets working group, please contact the secretariat g100@group100.com.au if you know of people who might be interested in taking part.

Government

Despite lockdowns the G100 continued its advocacy program.  Highlights included work on the appearing before the Senate and the Parliamentary Engagement Day for members.

The G100 appeared before the Senate Economics References Committee Inquiry into the Treasury Laws Amendment Bill 2021 online.  This was part of the G100’s campaign on class actions which enjoyed some success.

As mentioned in the last newsletter, the G100 managed to hold its Annual Parliamentary Engagement Day in Canberra in June between lockdowns.  The day included substantial meetings with Cabinet and Shadow Cabinet Ministers including the Treasurer and Shadow Treasurer and dinner with the Minister for Finance.

ASIC

The G100 continued to have regular meetings with ASIC discussing issues such as reporting, audit quality, proxy advisers and cyber resilience and held the annual Reporting Workshop for CFOs and their teams with ASIC.

Quarterly meetings with ASIC for 2022 are being locked in now.  If members have any issues of concern they wish to have raised with ASIC, the G100 is more than happy to take them forward.

Board Strategy Day

The G100 Board held a strategy session early in December.  The Board decided to continue the focus on ‘enabling leading CFOs to create better businesses for tomorrow’.

It has been agreed that the G100 will take a stronger position on sustainability and climate change and look closely at what that means to CFOs and their teams.

As a result, the G100 has moved to formalise its relationship with A4S (Accounting For Sustainability).  A4S is the organisation set up by His Royal Highness The Prince of Wales which works to transform finance to ensure it is sustainable.  The Board believes this association will provide members with the latest thinking on ESG designed for CFOs.

In-person events and webinars

As a result of the success of the webinar series, 2022 will see the G100 hold a key events in-person but many others will hybrids – people will have the option to attend virtually or in-person.  The traditional dinner functions for CFOs, with guest speakers will be re-introduced, allowing for the all-important networking opportunities, as well as hearing from key stakeholders on key issues for the profession.

Incoming Chair

Martyn Roberts, Group CFO of Ramsay Health Care, will take on the role of Chair effective 1 January 2022.  Martyn’s Deputy Chair role will be taken on by Tania Archibald, CFO of BlueScope Steel.

Season’s Greetings

The Board of the G100 hope to see the continued involvement of members and their teams at events, functions, and on webinars in 2022 and wish members the compliments of the season and a happy, healthy and covid free break.

Kind regards

Janelle Hopkins
Chair
Group of 100 Inc
CFO REA Group Limited