Professionals equipped with hard skills, such as management accountants, fare better during recessions, says Dulasiri Andradi, organising committee chair of the recently launched Chartered Institute of Management Accountants (CIMA) Regional Technical Symposium. He adds that although the rules of governance are important, especially during turbulent economic times such as these, equally or even more important is a company’s performance, which is why value creation and performance will be a key focus of CIMA's first Regional Technical Symposium (RTS).
Scheduled for February 13 to 14, 2009, at the BMICH main hall, this new CIMA conference will comprise a full 2-day programme including eight technical presentations followed by discussion / deliberation sessions. Meanwhile, the RTS will conclude with a Chief Executive Officer (CEO) Hard Talk forum on “Value Creation in Action” where Sri Lanka’s leading CEO’s will provide insight into how value creation actually functions in the Sri Lankan context.
Featuring a keynote address titled “Value Creation – the Corporate Raison d’etre” by Prof. Falconer Mitchell, an internationally renowned academic from the University of Edinburgh and Chairman of CIMA’s international Research Board, the RTS also consists of the several presentations based on the conference’s “Value Creation – Driving Business in Turbulent Times” theme. These include “Performance Management and Value Creation” by Dr. Travis Perera of the Postgraduate Institute of Management; “Value Creation through Financial Risk Management” by Mr. Mangala Boyagoda of the Wealth Trust Corporation (Pvt) Ltd; “Creating value with merges and acquisitions” by Mr. Harsha Basnayake of Ernst & Young; and “Reporting Value – Fair value debate and Report Leadership” by Mr. Lalith Fonseka of Mackwoods (Pvt) Ltd.According to organisers, “the audience for the Regional Technical Symposium would include CFOs and other top finance professionals from countries such as India, China, Pakistan, Malaysia, Singapore, Hong Kong, Sri Lanka, the Middle East and the UK… [And] will attract over 700 members of CIMA and the business community both from Sri Lanka and the Asian Region”.