International Association of Financial Executives Institutes

The International Association of Financial Executives Institutes (IAFEI) is the premier global society of financial executives. Founded in 1969, IAFEI connects financial executives around the world with a global membership of more than 15,000 senior level finance executives, mainly chief financial officers across 18 national institutes. The international association is a non-profit and non-political professional association domiciled in Switzerland with its secretariat in the Philippines (Makati City).

IAFEI
Industry Professional association for finance executives
Founded 1969
Website http://www.iafei.org

Aims

IAFEI promotes networking opportunities for member institutes and their individual members, to build a wider understanding of financial practices throughout the world and the furtherance of their international compatibility and evolution, and the promotion of ethical considerations and best practices of financial management throughout the world.[1] IAFEI works to advance the finance profession through the activities of its technical working committees, through hosting and partnering with global, regional and national conferences, and through a number of expert publications including the IAFEI Quarterly, a digital journal of record.

The IAFEI World Congress is held annually since 1969. The congresses rotate among continents each year and are organized by the responsible national member institute on behalf of IAFEI. The 43rd IAFEI World Congress has been held in conjunction with the 6th CFO Summit Emerging Europe & CIS in October 2013 in Warsaw.[2] The 44th IAFEI World Congress will be held on October 2014 in Manila, hosted by the Financial Executives Institute of the Philippines (FINEX).[3]

Welcome note at the 43rd IAFEI World Congress by Warsaw mayor Hanna Gronkiewicz-Waltz, former Chairman of the National Bank of Poland

Member Institutes

Collaborative Partnerships

Members

Members of IAFEI national institutes are mainly executives engaged in roles of financial policy making and control in leading businesses. They share a common interest in the techniques of financial management, financial accounting, reporting and in maintaining business enterprises on a healthy basis in the face of changing business conditions. Membership of national institutes is typically open to financial executives or those performing policy setting functions in large and medium size companies, depending upon the national context and local institute bylaws. In many, but not all institutes, members may also include professionals and experts working in allied fields, such as audit and advisory services firms, financial services organizations, and scholars and academics.

IAFEI Technical Working Committees

IAFEI’s Technical Working Committees are composed of experts around the World engaged in sharing technical knowledge in key domains of interest to senior financial professionals. Among the global Technical Working Committees are :

IAFEI Officers and Executive Committee

History

The First International Congress of Financial Executives took place 1969 in Marbella, Spain and was hosted by the Spanish institute for finance executives (AEEF). At this event a new head organization for national institutes was created, with a legal situs in Switzerland.[4] At the second world congress (Brussels in 1970) 55 representatives of 15 member institutes finalized the creation of the association. IAFEI was founded by the financial executives institutes of Argentina, Australia, Belgium, France, Germany, Italy, Mexico, Peru, Philippines, Spain, United Kingdom and the combined institutes of the United States of America and Canada (today: FEI - Financial Executives International), which played a keyrole.[4]

Notes and references

  1. ↑ By-laws at the association website
  2. ↑ Congress website (in Polish, partly in English)
  3. ↑ Presidents Notes from February 2013 at the FINEX website
  4. 1 2 Frederik Niklas Kuhn, Elite Role and Context: The Construction of the CFO in the German Business Field, Institute of Management Accounting and Control, WHU – Otto Beisheim School of Management, Pressel, Remshalden 2011, p 35
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