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Chief Finance Officer Awards 2019 Launched, To Focus On Ethics

ACCA Uganda and Deloitte have launched the third edition of the Chief Finance Officer (CFO) Awards 2019, themed “ethics and trust, the competitive advantage for business sustainability”. This follows the huge success registered in the last two awards which saw six winners in 2017 and eight winners in 2018.

This year, the awards are seven; CFO of the year, Young CFO Award, Strategy Execution Award, Finance Transformation Award, Public Sector Award, SME sector Award and Not for Profit sector Award.

While speaking at the launch event held at the Golden Tulip Canaan Kampala, Beatrice Isagayite, Head of ACCA in Uganda said, “CFOs and professional accountants that hold the ACCA qualification have leading edge knowledge in ethical issues, combined with a wider view of business success that covers financial, ethical, digital and sustainability issues. So the aim of the awards this year is to raise the profile of the CFOs and the role they play in developing good business and finance practices embedding environmental and broader social issues into strategic decision making.”

Speaking at the same event, Mable Ndawula, Director Deloitte said, “What’s required of a CFO today is very dynamic in comparison to what we had back in the day. CFOs are expected to be very versatile that this individual not only focuses on your controls and ethics but also looks to the future and should be able to anticipate and be visionary and at the same time have emotional intelligence considering the fact that things are changing.”

Last year’s winner of the CFO of the year award and CFO of Stanbic Bank Uganda noted that, “Good business practices include things like effective financial book keeping. This is one of the reasons why SMEs never make it past their 2nd anniversary, they have bad business practices.”

Objective;

The CFO Awards were started as a way of recognising the role that CFOs and finance functions play within organisations, highlighting the good business and finance practices while raising the profile of this strategic role.

They are part of the bigger CFO agenda which presents a platform to share best practice, drive awareness, inspire action and develop a community of finance leaders committed to create more sustainable outcomes for their organisations.

Nomination Process;

  • The nomination is open and will close on Friday, 13 Semptember 2019. It’s done online via this link; https://www.accaglobal.com/africa/en/member/member-networks/uganda-cfo-awards.html
  • Anyone is encouraged to nominate a CFO/Finance Director that meets the criteria which is; One must be a professional accountant, have been a CFO, Head of Finance or Finance Director (title may differ) for a minimum of three years and be a resident of Uganda.
  • Self-nomination is also allowed.
  • All winners shall have to demonstrate proficiency in the seven vital qualities of a professional accountant.
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