May 19, 2020

Power to the shareholder: Why ACSI’s proposals are a good idea

Australian Council of Superannuation Investors
Cirrus
Olivia Minnock
2 min
Power to the shareholder: Why ACSI’s proposals are a good idea

Shareholders in Australia are lobbying for greater power to have their concerns heard at AGMs – including on environmental and social issues.

The Australian Council of Superannuation Investors (ACSI), which represents super funds and institutions which manage around $1.6trn in assets, says shareholders should be able to place non-binding, advisory resolutions on the agendas of company’s AGMs.

It’s hoped this would help shareholders to properly vocalise and escalate concerns about environmental, social or governance (ESG) issues which at the moment companies may be failing to act upon.

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The ACSI’s proposed reform would mean a non-binding, advisory resolution could be passed with 50% shareholder support, but would still require the backing of at least 100 shareholders, or shareholders possessing at least 5% of the company’s issued capital, before being put to investors.

At the moment shareholders in the US and Britain have broader powers and it’s thought by some Australia is lagging behind.

Business Review Australia spoke to Marianne Roux, Asia-Pacific Head of Consulting at Cirrus, for an upcoming publication about whether the reforms were likely to come to fruition and where the push was coming from.

“The main push comes from wanting to be responsible businesses and driving more sustainable outcomes. At the same time, the range, diversity and demands of stakeholders are growing in leaps and bounds.”

Roux also added that the campaign if successful will “bring Australia into line with practices we already see overseas”.

Roux was in full agreement with the ACSI’s proposal, saying: “I believe in radical transparency in order to create trust and collaboration with all stakeholders.” However, she added: “The important thing is that the issues are scoped carefully so that resolutions do not venture into areas of management of the company. These issues are for the board to resolve, not the shareholders. Out courts should, like in the UK, also have the power to block resolutions deemed ‘vexatious, frivolous of defamatory’. Sensible rules will help make this a useful mechanism rather than a blocking mechanism.”

Keep your eyes peeled for more comments from Marianne Roux, and the progress of the ACSI campaign, in 2018.

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Jun 22, 2021

Digital Leader Mobiquity Expands Into Asia-Pacific

Mobiquity
Microsoft
Fintech
APAC
3 min
Mobiquity pursues a vision of global growth with its first APAC hire—Gustavo Quiroga, its new Vice President of Business Development Financial Services

As an international digital consulting firm, Mobiquity helps a global client base upgrade its digital banking and financial services. The company employs 1,200 team members across 50+ nationalities and serves an estimated 200+ million users each day. Recently, the company built out a digital banking experience for the Bank of the Philippines Islands’ online and mobile platforms—exemplifying its mission to help leading brands engage with technology in meaningful ways. 

 

To highlight Mobiquity’s services, here are a few of the company’s recent accomplishments

 

  • Designed and developed the first FDA-approved digital medicine system
  • Launched a five-star mobile ordering app
  • Pioneered a cloud-based IT infrastructure that prevented bank fraud
  • Built the official AWS re:Invent 2017 and 2018 mobile apps 

 

What Makes Mobiquity Stand Out? 

According to Mobiquity, it's the people that make all the difference. ‘We’re born innovators who like meaty challenges’, the company wrote. ‘We go deeper, getting to the root of your customers’ friction and creating personalised engagements that deliver much more than a digital experience alone’. Now, the company has added former Microsoft and IBM director Gustavo Quiroga to its team. 

 

Who Is Gustavo Quiroga? 

At Mobiquity, he’ll be the first Vice President of Business Development Financial Services in APAC. With years of experience in the industry, Quiroga has developed numerous tech, business, and customer experience projects: at Microsoft, he led a top Aussie Azure Data and AI specialist team, and at IBM, he applied AI and deep analytics to transform the company’s business processes, CX, and UX. 

 

Based in Sydney, Australia, Quiroga will start to work with Mobiquity clients in Singapore, Vietnam, and the Philippines and take responsibility for expanding the company’s regional operations. ‘Our best way to impact client outcomes’, he wrote, ‘is by listening to them with an inquisitive and open mind and empowering our people to do the same’. 

 

When notified of the announcement, Quiroga expressed excitement over his new role. ‘I’m delighted to join Mobiquity and support the company’s rapid expansion across the Asia-Pacific region. I joined Mobiquity to develop, design and implement digital products and services that create meaningful experiences with customers...and I look forward to using my expertise to develop partnerships where we can achieve this every day’. 

 

Where Does Mobiquity Go From Here? 

In the past six months, Mobiquity has hired over 100 new employees, including the high-profile additions of Howard Moore, Senior Director of Banking, and Ruby Walia, Senior Advisor for Digital Banking. This falls in line with the company’s hyper-growth strategy to deliver digital products to the world. 

 

As Matthew Williamson, Mobiquity’s Vice President of Global Financial Services, explained: ‘Our appointment of Gustavo demonstrates [our] commitment to hiring an A-list team of talent. The latest addition to the Mobiquity team supports our vision of global growth in Asia-Pacific, as a recognised partner within the banking and finance ecosystem’.


 

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