Chartered Institute of Management Accountants

21 November 2006

The Chartered Institute of Management Accountants (CIMA) and the Institute of Directors (IoD) have joined forces on a new initiative to provide senior finance professionals with the relevant skills and expert knowledge to operate at board level.

At the inaugural breakfast briefing, to be held on 29 November in central London, senior finance professionals will gather to hear the topic many directors and shareholders are asking; Is Corporate Governance Profitable?

Gavin Grant, Head of Corporate Governance Equity Research at Deutsche Bank will cover questions such as; the materiality of corporate governance: does it pay to be good?  As well as looking at the rise of the activist investor: friend or foe for listed companies?  Delegates will be able to re-examine their corporate governance practices and determine how organisations may benefit from a change in approach.

At the end of the briefing the IoD’s Head of Corporate Governance and Employment, Patricia Peter will conduct a half hour question and answer session. She has led the IoD’s input on company law reform, regulatory and non-regulatory aspects of corporate governance and corporate responsibility.

The breakfast briefing will begin with an introduction from the CIMA President, John Coghlan.

Commenting on this pioneering event for CIMA, John Coghlan said:

“It is a pleasure for CIMA to be associated with the IoD in providing an opportunity for finance professionals to hear from experts in their fields, discussing up to the minute topics. CIMA is very heavily involved in ensuring and promoting an adequate focus at board level on value creation so we are delighted to start the series with such a timely and important topic.  In today’s time -pressured environment this breakfast briefing allows attendees to address the issues on the top of the business agenda, aid continuing professional development and maximise delegates’ time back in the office.”

Patricia Peter, Head of Corporate Governance and Employment at the IoD, added:

“Corporate governance lies at the heart of every boardroom.  Companies are under increasing pressure from shareholders and others to have ‘good governance’, but the question has long been asked - does it pay?   We are pleased that at the first of our IoD / CIMA breakfast briefings we will hear from Gavin Grant of Deutsche Bank AG.  Gavin and his team have probably done more work than anyone else into testing the relationship between governance and performance.  If anyone can lead us to an answer, Gavin will.”

The partnership between the two institutes was first established with the launch of the IoD/CIMA Diploma in Company Direction, leading to Chartered Director, the professional qualification for directors.

Breakfast briefing details

Date: 29 November 2006
Time: 8am - 10am
Price: £65 + VAT
Location: CIMA, 26 Chapter Street, London, SW1P 4NP

To reserve a place book online via www.cimaglobal.com/bbriefings or alternatively email mastercourses@cimaglobal.com to make a provisional booking or telephone +44 (0)20 8849 2244.

ENDS

For media queries only please contact:

Claire Grewer
Press Officer, CIMA
+44 (0) 20 8849 2300
Claire.Grewer@cimaglobal.com

Caroline Fanaroko
Head of Media Relations, Institute of Directors
+44 (0) 20 7451 3278
Caroline.fanaroko@iod.com

Laura Fineberg
Press Officer, Institute of Directors
+44 (0) 20 7451 3264
Laura.fineberg@iod.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. CIMA is the voice of over 155,000 members and students in 158 countries and 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. The IoD (Institute of Directors) was founded in 1903 and obtained a Royal Charter in 1906. The IoD is a non-party political organisation with upwards of 52,000 members in the United Kingdom and overseas. Membership includes directors from right across the business spectrum - from media to manufacturing, e-business to the public and voluntary sectors. Members include CEOs of large corporations as well as entrepreneurial directors of start-up companies. The IoD places great emphasis on director development and has established a certified qualification for directors - Chartered Director - as well as running specific board-level and director-level training and individual career mentoring programmes. In addition, the IoD provides an effective voice to represent the interests of its members to government and key opinion-formers at the highest levels. These include ministers, constituency MPs, Select Committee members and senior civil servants. IoD policies and views are actively promoted to the national, regional and trade media. For further information, visit www.iod.com/chartered

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