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Speeches

WELCOMING REMARKS:

HO FOONG MOI

ACTING CHIEF EXECUTIVE OFFICER

MALAYSIAN INSTITUTE OF ACCOUNTANTS

CFO SYMPOSIUM 2012:

AIMING FOR NEW HEIGHTS IN TURBULENT TIMES

THE ROYALE CHULAN, KUALA LUMPUR

20 JUNE 2012

Salutations:

– Distinguished speakers

– Respected participants

– Ladies and gentlemen

Good morning!

On behalf of the Malaysian Institute of Accountants (MIA), I am honoured to welcome you to MIA’s CFO Symposium 2012.

I wish to extend my appreciation and thanks to the organising committee and to our supporters who have invested much time, effort and resources in making this year’s symposium a reality. Special thanks goes out to our distinguished panel of speakers, without whom, we will not be able to have today’s event.

Being the regulatory body of the accountancy profession in Malaysia, MIA is a firm believer in developing, supporting and monitoring quality and expertise consistent with the global best practices for the profession. We also want to uphold public interest at all times.

Ladies and gentlemen,

Before 2008, the role of the chief financial officer (CFO) was more confined to all matters related to finances both internally and externally for their organisation. With the advent of the global financial meltdown, the role has been significantly altered in terms of professional function and position.

Today, suffice to say, CFOs are more involved in thought leadership, in executing additional organisational responsibilities with a fervent drive to bring about value creation and sustainability to the organisations they serve. They are also more involved in monitoring company financials, formulating corporate strategies and looking out for long-term impacts of strategic management decisions.

The CFO is known to be the official corporate “interpreter” of financial facts and figures generated by his or her organisation and hence work closely with the CEO of their corporate establishments in representing the organisation’s financial wellbeing or otherwise to its Board of Directors, shareholders, other stakeholders and to the capital market.

These days, organisational and business issues must be dealt with qualitatively if an organisation is to remain viable and relevant in the long term. We have to face one very important fact about corporate organisations -the era of merely meeting the bottom line and quantitative work performance is no longer an option.

That being said, I am pleased to inform that today we have very distinguished speakers who will guide you and help you improve risk management standards, sharpen your leadership skills, and enhance your abilities to make the best decisions for your organisation’s future.

Ladies and gentlemen,

Speaking of the CFO’s role in being at the forefront of organisational excellence and value creation, the MIA International Accountants (MIA) Conference 2012, the Institute’s flagship event, formerly known as the National Accountants Conference (NAC) , will be held from 27 to 28 November this year at the Kuala Lumpur Convention Centre.

With the theme: `Innovative Society: Sustaining Business Success” it is particularly relevant, especially for CFOs who play a key role on organisational strategy, finance and governance.

I would like to take this opportunity to invite you to attend our flagship event in order to gain useful insights on professional development and career reinvention to face a fast liberalising and increasingly competitive world.

And on that note ladies and gentlemen,

I sincerely hope that the CFO Symposium 2012 will provide you with a much deeper and wider perspective on strategic thinking, value creation, increased competitiveness, best management practices and leadership.

Through this transformation in your roles, I am confident that you can do your part in helping the nation to realise the new economic model which is principled on high income, sustainability and inclusiveness.

With that, I wish you all an interesting and insightful event ahead.

Thank you.