MESSAGE FROM THE PRESIDENT 

Dear Member, 

With about 2 weeks to go to this year’s FTA Conference, we are putting the final touches on what will surely be our grandest event of the year.

This year marks our 30th anniversary as an organisation and as such the Conference will highlight how corporate treasuries have changed over those three decades. The Conference will feature speakers from many leading Australian corporates and our strategic partners. Centred around our theme of “managing risk in the new world”, the FTA will provide delegates with many insights into how treasurers are dealing with risk, innovation and disruption.

The FTA is committed to providing education which is relevant for today’s rapidly changing world. I hope you can join me for an exciting two full days of informative session together with numerous opportunities to network in a relaxed environment.

Changes to the FTA board of directors

As is customary for this time of year we have a few directors due to stand for re-election as their three-year term expires. The constitution allows directors to be elected for a three-year term and directors are eligible to stand for re-election at the end of their term, twice. In other words, the maximum term a member can be a director is 9 years. The FTA director terms are consistent with best practice governance. They straddle a balance between director continuity and member rights i.e. protection against non-performing directors.

This year Rob Dougall’s 3-year term expires. He joined the board toward the end of 2014 and has advised myself and the board that he will not be standing for re-election and therefore will cease to be a FTA board director. Rob tells me he was torn when making this decision. He continues to be extremely passionate about the profession and about giving back, however, with his recent board appointment at AUSCOAL Superannuation, and as Chair of the Inaburra School board, he is increasing challenged for time. Rob’s successful transition to a non-executive director career is a great story and inspiration for FTA members.

Rob has been a fantastic contributor to the FTA board. He is an experienced company director and I will miss his wise council. Prior to joining the board, Rob had spent many years as a member of various member committees, including the technical and conference committees.

As with any change, there is always opportunity.

I am pleased to announce Sarah Scopel will be standing for election as an FTA director at this years’ AGM. Sarah is the Assistant Treasurer at Caltex Australia, a member and graduate of the Australian Institute of Company Directors, a Chartered Accountant, holds an MBA, is a Company Member of Bond University Limited, and holds positions on Bond’s Nominations Advisory Committee and Scouts NSW’s Investment and Asset Committees.

Sarah’s appointment (subject to election) contributes and bolsters the board’s composition in a few key ways. Firstly, in board diversity, a key focus for any board. Sarah will be the third female director on a board of eight. She will provide insight on a younger member demographic. Finally, her background and current role in tertiary education at Bond University will assist in understanding finance student needs and the role the FTA can play in that education space.

And lastly…a reminder that the FTA are looking for a new CEO following Peter Chapman’s resignation.  You can find details of the advertised position at the FTA Jobs Board (https://financetreasury.com.au/jobs/)

Hope to see many of you at the Conference in a couple of weeks.

Regards,

Mike Christensen FFTP
FTA President