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CFO Day in frames of Baltic Financial Forum
On 29-30th September, 2008, the Latvian capital hosted one of the largest annual financial conferences in the Baltic region: the 14th Baltic Financial Forum.
The Forum was specifically dedicated to key developments in economy, finances and banking in the European Union and the CIS countries, and attracted some 350 participants from Baltic region, other European countries, Russia and the CIS. The Forum was attended by the high rank guests as Prime Minister of the Republic of Latvia Mr. Ivars Godmanis and Minister of Economics Mr. Kaspars Gerhards.
In frames of the Forum, the Latvian Business School - the ACCA CPD Provider in the Region, organized the CFO single-day workshop. That workshop was a unique event that gathered professionals to share opinions on contemporary investment possibilities in the Baltics, mergers and absorptions, as well as business expansion.
The ACCA was represented by several its members during the event. Mr. Andrejus Boicovas, Fellow of the Association of Chartered Certified Accountants and General Manager of SEB Venture Capital from Lithuania, spoke on the topic "Future in the Baltics from Private Equity perspective". In his speech he analyzed the conditions and prospects of private equity market in Baltic region. Ms. Diana Krisjane, ACCA member, Chairman of the Board of Latvian Association of Certified Auditors addressed the guests with a theme "Planned Changes in the Audit and Accounting Legislation".
Dr. Nataliya Vovchuk, Head of ACCA Ukraine, Baltic, and Caucasus States presented ACCA research paper "Paths to the Top – Best Practice Leadership Development for Finance Professionals".
According to Dr. Vovchuk: “The increasing pressures on top financial professionals means that organizations must ensure excellent development programs for them. Organizations are not always focused enough in deploying their resources, and there is often insufficient support for, or investment in, the necessary leadership development tools to be given to finance leaders. Coaching and mentoring is very important here.
ACCA’s study identified the rise of the new finance leader in a global economy. As stakeholder expectations continue to grow, accountants need to become proper leaders – people who exhibit a whole host of behaviors, from being able to challenge the status quo to being positive and demonstrating a clear vision. And because of these stakeholder expectations, the roles of the finance leader and the CEO are increasingly overlapping and complementing one another.”