Chartered Institute of Management Accountants

03 April 2006

Bill Connell FCMA, former Director of a FTSE 100 company, Chair of the Professional Accountants in Business Committee of IFAC (International Federation of Accountants) and CIMA Council member, will stress the critical importance of managing business risk to enhance shareholder value to an audience of senior business professionals and academics on Thursday 6 April. 

Bill Connell will discuss these themes during his CIMA Distinguished Practitioner Lecture on Thursday 6 April at the London School of Economics.  He will explain why Enterprise Risk Management is crucial for organisations, not only in protecting assets (including brand, people, property and finances) but also in providing beneficial opportunities to inform strategic decision making and improve the delivery of objectives.

Bill Connell will say:

“Corporate governance has made risk management very topical but you cannot go through the risk management process for that reason alone.  You have to do it because it helps the business. 
Enterprise risk management should have a far more prominent position than it currently does on many board agendas.”

He will continue:

“Traditionally, far too much emphasis has been placed on the profit and loss account and fixed assets on the balance sheet.   They were important but these areas are not what kill business now.  ”

Connell will particularly consider the corporate appetite for risk and explain his involvement in embedding a new culture of risk management at his own company. He will link strategic value analysis to strategic risk.  Importantly, he will also address tactics for getting strategic risk onto the board agenda and discuss the CIMA Strategic Scorecard™ as a developing tool.

The CIMA Distinguished Practitioner Lecture will take place as part of the Management Accounting Research Group Conference. 

For media enquiries ONLY and photographs, please contact:

Lottie Muir
Press & PR Manager, CIMA
+44 (0) 20 8849 2407
lottie.muir@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/

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