Despite the difficulties imposed by the coronavirus restrictions this year, the G100 has continued to build a vibrant network online where CFOs exchanged ideas and best practice in these uncertain times.
The G100 ensured the members are kept up to date with all manner of issues and continued to engage with members, held all the scheduled meetings via teleconference and continued to work tirelessly behind the scenes, advocating for the members.
While imposed restrictions prevented the regular member networking events and dinners this year, the G100 had launched a series of webinars which bring critical information from leading organisations, government and regulators to the members.
Five webinars have taken place so far this year, and another three are planned to take place in the upcoming months. Each webinar is tackling issues relevant to the G100 members ranging from company reporting during the pandemic, ASIC expectations, the future of reporting, through to cyber-security.
The survey period on the Payment Times Reporting Framework has ended. The G100 has some concerns over definitions used in the scheme. G100 continues to work with CA ANZ on making representations to the Government to have these addressed.
The latest in the G100 webcast series for members will be held on Tuesday, 2 November 2020 from 11:00 am to 12:00 pm (AEDT). Titled “Payment Times Reporting Framework” this event is kindly being hosted for the G100 by CA ANZ.
The G100 annual ‘Federal Political Engagement Day’ was held virtually. Twelve senior politicians joined us in the two-day event that took place on the 22 & 23 September 2020. The sessions consisted of a series of informal 25-minute briefings and Q&A.
We heard from several Shadow Ministers and Chairs of Parliamentary Committees. While the focus this year was on the Opposition (it alternates each year), we also heard from a couple of prominent Government backbenchers and Chairs of key Standing Committees.
CFO Live, the G100 annual CFO Congress held in association with the Australian Financial Review, is still going ahead, as planned. It will take place on 29 October, for those who can get to Sydney will be held in person at the Sofitel Wentworth, for everyone else it will be online.
This year, we focus on the financial and operational strategies that will help businesses stay afloat and emerge strongly from the current crisis. This one-day ‘hybrid event’ will gather the nation’s top CFOs to give voice to their unique operational and strategic perspectives on current issues and challenges.
Janelle Hopkins, Chair of G100 and CFO of REA Group, said: “I look forward to the time we are all able to meet again in person, until that time, please all stay safe and join us online”.
Finally, a reminder of the events we have scheduled in coming weeks:
- CFO Live congress on 29 October which runs all day. This is being run in conjunction with the Australian Financial Review. This will be held in person for any members who are able to be in Sydney and will be held online for others who can’t get there.
- The Payment Times Reporting Framework webinar on 2 October from 11:00am-12.00pm AEDT. This webinar is being hosted for the G100 by CAANZ. The Payment Times Reporting Framework will require large businesses to report their small business payment practices. Commencing on 1 January 2021, reporting entities will need to prepare bi-annual reports to the Payment Times Regulator. This event is Complimentary for the G100 and CA ANZ members.
- Future of the Finance Profession on 10 November. This webinar is being hosted for the G100 by PwC. It will examine what do we need to do to operate effectively in the future as technology and circumstances keep changing, how we evolve the finance function to cope with future pandemics, dealing with artificial intelligence and the growing threats of cyber security. This event is Complimentary for the G100 members.
The G100 Calendar of Events 2020
January 15 2020 Strategy Day
February 25 Board Meeting
February 25 Members Dinner
April 15 AGM meeting
April 15 Board Meeting
May 1 G100 and EY Webcast: Cyber Risk and Regulatory Issues in a COVID-19 environment
June 5 World Environment Day G100 Sustainability Virtual Forum: Corporate Reporting and SASB
June 17 Board Meeting
June 19 G100 and KPMG Webcast: Financial Reporting Impacts of COVID-19
July 29 South Australia Chapter Breakfast
July 31 G100 Sustainability Virtual Forum: Introduction to the Climate Disclosure Standards Board (CDSB)
August 18 South Australia Chapter Breakfast
August 27 Board Meeting
September 22 G100 2020 Political Engagement Day 1
September 23 G100 2020 Political Engagement Day 2
October 7 G100 and Deloitte Webcast: Post-Budget reflections while dealing with the pandemic
October 29 CFO Live – G100 and AFR Congress
November 2 CA ANZ Webinar: Payment Times Reporting Framework
November 10 G100 and PwC Webcast: The Future of the Finance Profession
November 12 Board Meeting