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UPCOMING EVENTS Members CPD networking event - 'The case for the "board mandate"' The ‘board mandate’ is proposed as a powerful instrument for improving board effectiveness and thus contributing to the long-term sustainability of the organisation. A mandate is a living statement about what the company stands for and how it wishes to be known to all of its stakeholders. Its most powerful application is as a reference base for strategic decision-making. The finance professional has a vital role to play in developing the board mandate and ensuring that it is a relevant and useful tool throughout the organisation. Date: Time: Venue: Language: Fee: CPD: Registration:

Tuesday 11 January 2011 6.30pm (cocktail reception) 7.15pm (seminar) Marina's Club, 3/F, 11 Middle Road, Tsim Sha Tsui (TST MTR exit L1) English Gratis 1 hour Please email your details (full name, CIMA contact ID, company, job title, email & telephone no.) to hongkong@cimaglobal.com by 3 January 2011

Joint CIMA and CMA Canada monthly networking lunch The upcoming casual networking lunch in January 2011 is open to all members and students of CIMA and CMA Canada. This is a chance to catch up with old friends and meet new ones, so help us make this event enjoyable and bring your friends along too! Date: Time: Venue: Fee: Registration:

Wednesday 12 January 2011 1.00-2.00pm 12/F The Chinese Club, 21 to 22 Connaught Road Central, Hong Kong Chinese lunch at HK$120 per person. Please settle your own bill. A table is reserved under Mr Yau Yin Kwan, Joseph of CMA Canada. If you are interested to join us, please email priscilla.yu@cimaglobal.com

Recruitment seminar for CIMA x CUHK SCS joint programme Through the first four intakes of this programme, CIMA Hong Kong has recruited more than 100 new students. We are organising an information session to further promote and facilitate the understanding of the programme. If you have friends or colleagues who would like to have more information regarding this, please invite them to the below session: Date: Time: Venue: Enquires: Registration:

Wednesday 12 January 2011 7.00 – 8.30pm Room 308C, 3/F, East Ocean Centre, 98 Granville Road, Tsim Sha Tsui, Kowloon (TST MTR Station exit B2 / exit N1/ exit N2 or Hung Hom MTR Station exit D) Scott Lee at 3741 1956 Please e-mail contact details to scott.lee@cimaglobal.com

CIMA HONG KONG

CIMA Hong Kong Newsletter November/December 2010

NOVEMBER/DECEMBER 2010

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UPCOMING EVENTS CIMA supports ‘Asian Financial Forum 2011’ A global financial conference, the Asian Financial Forum (AFF) focuses on major issues, challenges and opportunities in the Asian region. The two-day event attracts some of the world’s most influential leaders in business, finance and government. The global economy has faced unprecedented challenges since the financial crisis began in 2008. The need for international cooperation cannot be underemphasised. It is against this background that the first three AFF events in 2007, 2009 and 2010 were organised and each has provided a high-level platform for the exchange of insights on market developments and trends, and how Asian financial markets and systems should be developed to tap new opportunities. Date: Venue: Fees: More information: Registration:

Monday 17 and Tuesday 18 January 2011 Hong Kong Convention and Exhibition Centre, Hong Kong USD800 (50% discount by quoting the CIMA registration code TT0165) www.asianfinancialforum.com http://aff.hktdc.com/registration/en/AFF_Register_en.htm

CIMA will be distributing some of its latest thought leadership work at the resources centre of the Asian Financial Forum 2011.

CIMA supported 2-Day conference on ‘Best Practices in Internal Audit - maximising business value through operational excellence in audit, risk and corporate governance’ With the increase in corporate scandals in the recent years, it is simply not enough for organisations to produce good financial results. Eroding ethics, along with well-publicised and high-profile fraud cases, have led to scepticism amongst investors. The need for strong internal audit and best risk management practices that are well-aligned with corporate governance and compliance strategy has never been more pressing. Organisations that are able to achieve audit best practices will set themselves apart from the others in winning the confidence of shareholders. With rising expectations from shareholders, maintaining the status quo is no longer an option. This two day conference on ‘Best Practices in Internal Audit’ aims to equip you with the critical know-how in tackling the latest audit challenges and establishing holistic internal controls for delivering winning audit practices. Through the case studies and insights of leading organisations including Allianz Global Investors, ABN AMRO Bank, Cathay Pacific Airways, Jones Lang LaSalle, Olam International and Novartis etc., you will acquire proven techniques in assessing risks, setting up effective ERM system, upholding ethical leadership, managing fraud investigations, engaging senior management in internal controls, adding value in ERM processes, meeting audit committee’s expectations and reporting requirements and many more. Date:      Monday 17 and Tuesday 18 January 2011 Venue:      Regal Hong Kong Hotel Fees:       Singapore dollar SG$1,695 CPD: 12 hours More information: http://www.conferences.com.sg/ia4-cimahk.htm or refer to the flyer at http://www.cimaglobal.com/Our-locations/ HongKong/Events/ for more details. Registration: Please contact Ms Adrielle Ting at adrielle@conferences.com.sg or +65 6372 2202

CIMA Masters Gateway Assessment (CMGA) information seminar CIMA has introduced an accelerated route for MBA holders to become a CIMA member. By just passing the CMGA, students will be exempted from 11 out of 15 papers of the CIMA professional examination. If you have friends or colleagues who would like to have more information regarding this please invite them to the below session: Date: Time: Venue: Enquires: Registration:

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Thursday 20 January 2011 7.00 – 8.30pm HKU SPACE Learning Centre Scott Lee at 3741 1956 Please e-mail contact details to scott.lee@cimaglobal.com

CIMA Hong Kong Newsletter November/December 2010


UPCOMING EVENTS CIMA participates in ‘HK MBA and Postgraduate Fair’ Are you looking for personal development and career breakthrough? If so you may register for the HK MBA and Postgraduate Fair organised by A-Performers.com and supported by CIMA on 22 January 2011.   At this fair, the latest information on over 50 MBA, master and doctorate programmes and professional qualifications from top universities and institutions will be provided. Free personal consultation is also available.     Date:    Saturday 21 January 2011 Time: 12.00 – 6.00 pm Venue:    35/F Central Plaza, 18 Harbour Road, Wan Chai, Hong Kong Disciplines: MBA, banking & finance, accounting, IT & engineering , project management, communication, marketing, law, logistics, HR, counseling, building & construction etc. Enquires: Please call 3181 3833 or visit http://www.a-performers.com/mba9 Registration: Please go to www.a-performers.com/mba9 Register now to find your ideal postgraduate programme and enjoy a chance to win a brand new BlackBerry smartphone.

CIMA supported forum on treasury for corporate treasurers by ACT As Asia continues to lead the global recovery and the Hong Kong economy returns to pre-crisis levels, staying abreast of changing markets and new opportunities is vital for today’s treasurer. Led by panels of senior treasury and finance practitioners, ‘talkingtreasury Hong Kong’ will provide an ideal platform for interactive debate on the real issues facing treasury in Asia today, including: • funding, liquidity and the global economy • risk strategy in a new financial world • liquidity management and emerging investment opportunities. In a changing financial landscape, don’t miss this opportunity to engage with your fellow corporate treasurers to exchange views, share knowledge and refresh your thinking. Date: Tuesday 25 January 2011 Venue: Grand Hyatt, Harbour Road, Hong Kong Rundown: 08.30 Registration and coffee 09.30 Chairman’s welcome 09.45 Funding, liquidity and the global economy 10.35 Risk strategy in a new financial world 11.25 Morning coffee 12.00 Liquidity management and emerging investment opportunities 12.50 Chairman’s closing remarks 13.00 Networking lunch 14.00 Close of programme Fees: Gratis CPD: 3 hours More information: Please click here for the brochure Registration: As this is an exclusive event for corporate finance and treasury professionals, if you are interested to join, please e-mail your details (full name, CIMA contact ID, company, job title, email & telephone no.) to hongkong@cimaglobal.com by 13 January 2011. The event organiser (‘The Association of Corporate Treasurers’) will only send formal confirmations to selected members who have successfully registered for this event from 17 January 2011 onwards.

CIMA Hong Kong Newsletter November/December 2010

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UPCOMING EVENTS CIMA supported ‘CFO Summit - Hong Kong 2011’ If you are actively seeking ways to better manage your working capital, liquidity and risks to improve shareholder value, then the 'CFO SummitHong Kong 2011' is the event you cannot afford to miss! The 'CFO Summit-Hong Kong 2011', part of the CFO Asia Summit series, is led by a class of distinguished CFO high-flyers. Join these eminent CFOs in this one-day summit that is jam-packed with a series of interactive and informative panel discussions on: • Working capital and cash management to manage liquidity and utilise excess funds to generate profits. • Financial risk management to minimise business risks and maximise returns on investments. • Enterprise risk management to provide value to stakeholders. • Business analysis and forecasting to ensure that CFOs make informed decisions and execute timely strategies for expansion, M&As and joint ventures. • Benchmarking financial and operational processes to achieve greater organisational efficiency and cost reductions. Date: Venue: Fees: Registration / enquiries:

Thursday 3 March 2011 Sheraton Hong Kong and Towers, Hong Kong (20 Nathan Road, Kowloon, Hong Kong) USD 1,999 – 3,499 Please visit the website at www.cfosummit-hongkong.com or call +65 67229388 or email: enquiry@iqpc.com.sg

NEWS CIMA is now on Facebook You can find a lot of CIMA recent events and a great connection to CIMA members on Facebook, you would also be surprised to see a lot of familiar faces in the CIMA albums there. Please visit the CIMA Hong Kong page on Facebook or type in http://www.facebook.com/pages/ Hong-Kong/CIMA-Hong-Kong/116665295032123 and add hongkong@cimaglobal.com to become a CIMA friend on Facebook and start developing your own social network.

HONG KONG PAST EVENTS Joint seminar on ‘Reputation – why it matters and how accountants can manage it’ In the joint seminar with CMA Canada and CPA Australia on 5 November 2010, Mr Ray Perry, Executive Director of CIMA, analysed the importance of an organisation’s reputation and how it can be managed. During his lively presentation, Ray illustrated on how corporate reputation is quantified and how reputation could be integrated into business strategy. Ray further elaborated on CIMA’s case study based report on corporate reputation and shared with the audience how reputational analysis can be integrated into the CIMA strategic scorecard. The division also took the opportunity of Ray’s visit to organize a luncheon talk for the MBA graduates at HKU SPACE.

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CIMA Hong Kong Newsletter November/December 2010


HONG KONG PAST EVENTS CIMA Hong Kong Christmas Party 2010’ CIMA Hong Kong organised a Christmas Party on 7 December 2010 at Rosedale on the Park Hotel. All members of the Hong Kong divisional council and its committees, and other members who have contributed to the division during the year were invited to join the party as a token of appreciation for their volunteered work. Mr Paul Chan, Divisional President of CIMA Hong Kong, was delighted to deliver a welcome speech for the party. The participants were thrilled with high spirits at the party and they all enjoyed the joyful moments that night.

Reaching out to HR managers CIMA participated in the annual HR conference organised by the Hong Kong Institute of Human Resources Management on 9 and 10 December 2010. The event is one of the biggest HR events in the territory attracting over 1,000 HR managers. At our exhibition booth we were able to introduce to HR professionals the uniqueness of CIMA and its members. At the event we were also able to promote CIMA and the resources that we have to help companies recruit, train, qualify and retain their finance professionals. We also offered companies complementary use of the CIMA MyJobs recruitment portal, so please visit the portal to see if there are any potential positions: www.cimaglobal.com/myjobs

BBQ and fun day out On Sunday 12 December, over 40 CIMA members, students and their relatives and friends were able to stay away from their busy work and enjoyed a fun day out in Tai Po and Fanling area. During the outbound trip, we went to Shuen Wan Golf Driving Range and a bee farm followed by BBQ lunch and handicraft workshop. All participants enjoyed the trip very much and hopefully the division will organize another leisure trip soon in 2011.

CIMA Immediate Past President talks on risk to members Our Immediate Past President Aubrey Joachim was our guest speaker on 13 December 2010. He highlighted that in today’s environment the job of management accountants has widened and one area that they are expected to manage is risk. Aubrey touched on some work that CIMA had been doing in this area (which can also be downloaded from the CIMA website). The event was well attended with over 50 attendees where they were also able to have a short network session before the event at the bar at the Mariners Club in TST.

CIMA Hong Kong Newsletter November/December 2010

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HONG KONG PAST EVENTS Other past events and engagements Dr Li Wing Sun, Divisional Vice President, attended the CGA-Annual Dinner

2 November 2010

Mr Paul Chan, Divisional President, attended the Anniversary Banquet 2010 of Open University

6 November 2010

Mr Richard Kenworthy, Divisional Deputy President, attended the opening ceremony of the 'River of Wisdom- Animated Version of the Riverside Scene at Qingming Festival' organized by the Leisure and Cultural Services Department, HKSAR

8 November 2010

T4 case study session - V and Y Productions conducted by Ms Cindy Yeung, Manager, Finance Department of Cable TV and Mr Jasper Chung ACMA, Management Accountant, Richemont Asia Pacific

9 November 2010

Staff of CIMA Hong Kong attended the Hong Kong General Chamber of Commerce’s luncheon Staff of CIMA Hong Kong attended the HKU SPACE Alumni Social Enterprises e-Society (SEES) launching ceremony

10 November 2010

Staff of CIMA Hong Kong attended the Congregation of City University of Hong Kong

11 November 2010

Staff of CIMA Hong Kong attended the China Enterprises Economic Research Study Centre’s luncheon

19 November 2010

Staff of CIMA Hong Kong attended the 2010 Prize Presentation Ceremony of the Faculty of Business and Economics, The University of Hong Kong

29 November 2010

CIMA Preparatory courses and revision classes on papers F3, P3 & T4 CMGA information seminar

10 November 2010

November 2010 3 and 27 November; 16 and 18 December 2010

Staff of CIMA Hong Kong attended the CFO Innovation Asia Forum

1 December 2010

Staff of CIMA Hong Kong attended the 45th Anniversary Banquet of CUSCS

8 December 2010

Mr Richard Kenworthy, Divisional Deputy President, attended the HKIRD Sports Association’s Annual Dinner

8 December 2010

Mr Paul Chan, Divisional President attended the 20th anniversary seminar cum annual luncheon of HK College of Technology’s Information Service Centre of Professional Studies

13 December 2010

Mr Paul Chan, Divisional President attended the HKIHRM’s Annual Luncheon 2010

13 December 2010

Information seminar on professional programmes in management accounting jointly organised by CIMA-CUHK SCS

18 December 2010

CONTACT US CIMA Hong Kong Division Suites 1414-1415 14/F Jardine House Central Hong Kong T. +852 2511 2003 F. +852 2507 4701 E. hongkong@cimaglobal.com W.www.cimahongkong.com Opening hours 9.30am-5.30pm (Monday-Wednesday, Friday) 9.30am-7.00pm (Thursday)

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CIMA Hong Kong Newsletter November/December 2010


Network News November / December 2010