CIMA Chief Executive takes Enterprise Governance to China

07 November 2005

Charles Tilley, Chief Executive of The Chartered Institute of Management Accountants (CIMA), presented the concept of Enterprise Governance and the importance of performance, with regard to the responsibilities of board and executive directors, to an audience of 400 Chinese CEOs and CFOs at a conference on Corporate Governance, jointly hosted by CIMA and the Shanghai National Accounting Institute in Shanghai.

The event is part of CIMA's partnership with local authorities in China, to promote the importance of the role of management accounting in business. Charles Tilley introduced enterprise governance as the 'enabling framework to the successful strategic management of an organisation.' Other speakers at the event included representatives from the People's Republic of China Ministry of Finance and accountants and Presidents of leading state-owned enterprises and national corporations.

Charles Tilley said:

'The Chinese economy has seen phenomenal progress in the last 25 years and there is every sign of this growth continuing. I have witnessed a strong acceptance of the need for management accounting to drive businesses forward here. We are now looking to help China with the management and business skills it needs in both public and private business'.

He continued:

'The reputation and status of CIMA continues to grow internationally as the brand becomes recognised worldwide. Part of CIMA's focused and successful strategy has been international growth where there is considerable scope for CIMA's unique qualification, solely focused on the needs of business. The increasing demand for the qualification among employers is evidence of this. This collaboration with the Shanghai National Accounting Institute builds on recent collaborations with institutes in the USA and India.

During the week CIMA also hosted the second annual Employers' Reception in Shanghai. Training and finance representatives from over 100 multi-national and national companies attended to share best practice in the training and development of Chartered Management Accountants.

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For further information, please contact:

Steven Hilton
Press Officer, CIMA
+44 (0) 20 8849 2427
steven.hilton@cimaglobal.com

Notes to editors

1. CIMA (the Chartered Institute of Management Accountants) is the only international accountancy body with a sole focus on business. It is a world leading professional institute that offers an internationally recognised qualification in management accountancy, focusing on accounting in business, in both the private and public sectors. It is the fastest growing UK based accountancy body, in terms of members, in both the UK and worldwide and is the voice of over 85,000 students and 65,000 members in 158 countries. CIMA is responsible for the education and training of management accountants who work in industry, commerce and not-for-profit and has more members in the public sector than any other UK based body. CIMA prides itself on the commercial relevance of its syllabus, which is in tune with the activities of high performance organisations, and evolves continually to reflect the latest developments in global business. It is committed to upholding the highest ethical and professional standards of members and students, and to maintaining public confidence in management accountancy. For more information about CIMA, please visit http://www.cimaglobal.com/
2. For further information about CIMA's Enterprise Governance, please visit www.cimaglobal.com/enterprisegovernance