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Dear Colleagues,
I am most honoured to have been elected Chairman of IAFEI as of January 1st 2016.
My first thoughts are to send very warm thanks to our past-chairman Luis Ortiz Hidalgo for his enthusia-
stic and professional leadership over the last three years, which has brought significant progress visible
to all.
Indeed, in the last few months we have gained new member institutes representing CFOs from Tunisia,
South Africa, Argentina and Brasil, and several others are currently in the process of adhering to our orga-
nization.
These new members are most welcome as we spread our representation globally, including for the first
time institutes from Africa, a clear sign of the globalization of the economy in every area of the planet.
Today IAFEI represents over 15,000 CFOs operating in 20 countries worldwide.
The primary objective of the newly elected IAFEI Executive Committe is precisely that of increasing the
importance and the representative image of IAFEI on the world stage, and strengthening its role in the
economic and financial environment which is the focus of interest of our associates.
To reach this objective, we must strengthen the IAFEI Technical Committees, whose role is considered
strategic for the development of our association in analysing the different rules and laws which regulate
the economic and financial activity worldwide, identifying and disseminating the best practices, and
creating the foundations for increasing the professional expertise of our members.
Another part of our planmust be to increase the value and the quality of our IAFEI QUARTERLYmagazine,
and to this end we have started by installing an Editorial Board and a Chief Editor.The latest edition alrea-
dy has some interesting new features, and work will continue to make the format a successful must read
for all our associates.
Let me take this opportunity to wish each and every one of our members a happy and successful 2016,
in every corner of the world!
Fausto Cosi
IAFEI Quarterly | Issue 31 | 4