The Austrian Corporate Treasury Association (ACTA) was officially entered in Austrian register of associations on 15 December 2017. Since then, ACTA has grown rapidly to more than 250 members from more than 100 companies.
The executive board, comprising Jan-Martin Nufer (Borealis); Lukas Leuprecht (Hofer); Philipp Schmidt (Semperit); and Sebastian Kästner (Siemens Healthineers) remains unchanged since ACTA’s registration and, together with the supervisory board, two auditors, and the general meeting, forms the backbone of association. Anja Seel has been appointed as administrative officer to support the board in its daily activities.
A virtual annual general meeting (AGM) was held in 2020 due to the pandemic, but on 21 October 2021, the fourth ACTA AGM was held ‘live’ at the Andaz Hotel, Vienna. The event was held in strict compliance with local Covid-19 restrictions and was attended by more than 100 members. During the morning session, the four working groups on the topics of financial transfer pricing, sustainability, know-your-customer, and information technology presented their findings from the past year and shared updates on new developments in their areas of expertise.
Following the legally required official business of the meeting and this year's elections, a selection of supporting members provided insights into contemporary issues affecting treasury and business in general: SEB on the digitisation of trade finance; LBBW on inflation; Schönherr attorneys on the digitisation of the collaboration between finance and its legal advisers; and Commerzbank on emission trading. The keynote speech, given by Thomas Wieser, former President of the Eurogroup Working Group, shed light on the European Commission’s capital markets union initiative and its outlook.
Following the presentations, German handstand acrobat Danilo entertained members and guests. Finally, the AGM concluded with a gala dinner accompanied by live saxophone music. Following the success of the AGM, the ACTA board is looking forward to the years ahead.
A thumbs-up to the future: the ACTA executive board from left to right: Philipp Schmidt (Semperit), Lukas Leuprecht (Hofer), Sebastian Kästner (Siemens Healthineers), and Jan-Martin Nufer (Borealis).
.png "The LEI: Unlocking the Benefits of a Secure Payments Ecosystem for Corporate Treasurers")
The EACT has been advocating for a digital identity for Corporates for many years now. We believe that, Corporates, like individuals, must have a single identity which help them to identify itself and identify third parties as well in this digital era.
Read.png "LkSG Relevant for Treasury on a Case-by-case Basis")
The Supply Chain Due Diligence Act (LkSG) creates the legal framework to improve the protection of the environment and human rights along German supply chains. GACT spoke to Dr. Julia Sitter (White & Case LLP) about the relevance and need for action by treasury departments.
Read.png "CMU, The Come-Back!")
The Capital Market Union, which was one of the main objectives of the Vander Leyen Commission, is back in the limelight, and is likely to become a priority for the next Commission next summer.
Read.png "What Will be the Corporate Treasurer's Priorities for 2024?")
General insights into the common priorities of corporate treasurers that will still be relevant in 2024.
Read.png "Counterparty Risk Assessment by Treasurers")
François Masquelier lists some comprehensive steps to best assess counterparty risks.
Read