Magazine article Financial Management (UK)

'Partnership Was the Key Theme to My Presidential Year'

Magazine article Financial Management (UK)

'Partnership Was the Key Theme to My Presidential Year'

Article excerpt

For many organisations, in both the public and private sectors, forging strong partnerships is one of the key ingredients for success. That is why I chose the theme of "partnership" for my presidential year at CMA.

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As my term draws to a close, I am delighted by the progress CIMA has made in developing stronger alliances. In these fast-paced times, no organisation can afford to stand still. In the past year, CIMA has set in motion a game-changing strategy that we hope will benefit our members for many years to come.

The institute's work with the American Institute of Certified Public Accountants (AICPA) and the subsequent launch of the Chartered Global Management Accountant (CGMA) designation was undoubtedly one of the most significant developments in CIMA's history. I am very proud to have been the residing president at the launch of the CGMA on 31 January--an event that attracted an enormous amount of interest.

In the five days following the launch, the new CGMA.org website brought in more than half a million page views. More encouraging still, more than 12,000 AICPA members have so far registered for the CGMA designation. As all of CIMA's 87,000-plus members are automatically entitled to use the designation, the total number of CGMAs has now reached 100,000.

The launch of the CGMA has also underlined CIMA's commitment to innovative thinking. A total of 11 reports were produced for the launch and a wealth of information and supporting tools is now available on the website. This work will continue over the next year with six key themes, including: ethics, business models, risk and performance management. We hope that these new insights will provide real value to the working lives of our members.

As an institute, CIMA has also been working hard to enhance the support it provides. …

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