The International Association of Financial Executives Institutes (IAFEI) is the premier global society of financial executives. Founded in 1969, it 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. It is an international, non-profit and non-political professional association domiciled in Switzerland with its secretariat in the Philippines (Makati).
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 was held in conjunction with the 6th CFO Summit Emerging Europe & CIS in October 2013 in Warsaw.[2] The 44th IAFEI World Congress was to be held in October 2014 in Manila, hosted by the Financial Executives Institute of the Philippines (FINEX).[3]
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 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'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 committees are:
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.[9] 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 key role.[9]
The IAFEI World Congress is an annual congress organized on behalf of the IAFEI. The two to four day congress, which includes a gala dinner, is hosted by one of IAFEI's national member institutes. The congress, which is organized for corporate finance executives from all over the world, is normally held with the national convention of the hosting institute.
The first congress of international finance executives institutes was held in 1969 in Marbella, Spain.[9] IAFEI World Congresses have since been held in 21 different countries. In the years 1975 and 2009, no congresses were organized.
25th IAFEI World Congress, Washington D.C., USA, 2–5 October 1994
26th IAFEI World Congress, Rome, Italy, 4–6 October 1995
27th IAFEI World Congress, Jakarta/Bali, Indonesia, 30 October-1 November 1996
28th IAFEI World Congress, Interlaken, Switzerland, 18–19 September 1997
29th IAFEI World Congress, Rio de Janeiro, Brazil, 20–23 September 1998
30th IAFEI World Congress, Vancouver, B.C., Canada, 26–28 May 1999
31st IAFEI World Congress, Sydney, Australia, 8–11 October 2000
32nd IAFEI World Congress, Cancun, Mexico, 17–21 October 2001
33rd IAFEI World Congress, Madrid, Spain, 23–25 October 2002
34th IAFEI World Congress, Florida, USA, 4–7 May 2003
35th IAFEI World Congress, Florence, Italy, 11–13 October 2004
36th IAFEI World Congress, Manila, Philippines, 4–7 November 2005
37th IAFEI World Congress, Berlin, Germany, 8–11 October 2006
38th IAFEI World Congress, Tokyo, Japan, 10–12 September 2007
39th IAFEI World Congress, Paris, France, 15–17 December 2008
40th IAFEI World Congress, Rome, Italy, 13–15 October 2010
41st IAFEI World Congress, Beijing, China, 16–18 September 2011
42nd IAFEI World Congress, Cancun, Mexico, 14–17 November 2012
43rd IAFEI World Congress was held in conjunction with 6th CFO Summit Emerging Markets & CIS in Warsaw, Poland from 14–17 October 2013. The organizers on behalf of IAFEI were FINEXA - Stowarzyszenie Dyrektorów Finansowych and CFO Insight (a media brand by Frankfurt Business Media, Frankfurt).[2]
44th IAFEI World Congress, 15–17 October 2014 for the fourth time in Manila, Philippines. This was organized by the Financial Executives Institute of the Philippines (FINEX).[11]
^ abcFrederik 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 35Archived 2013-11-04 at the Wayback Machine
^Marek Belka wszedł do Galerii Chwały Polskiej Ekonomii. Prezes NBP wyróżniony przez największą polską organizację zrzeszającą dyrektorów finansowych, Dziennik Gazeta Prawna, November 5th, 2013, nr. 214 (3604), str D2 (in Polish)