2 minute read
THINKING AHEAD
Fresh Image, New ChalleNges
By Kyriakos Iordanou, General Manager, ICPAC
ICPAC held its 58th Annual General Meeting on 28 June 2019. It was addressed, among others, by President Nicos Anastasiades, the Speaker of the House of Representatives, Demetris Syllouris, and the President of Accountancy Europe, Florin Toma, and attended by Government Ministers and other state and business officials and representatives. The AGM took place in the iconic Nicosia Municipal Theatre, newly renovated after many years of silence. The venue was not selected by chance: the theatre was chosen to link its new beginning with ICPAC’s new, fresh image. The highlight of the event was the unveiling of the Institute’s new logo, which, we believe, reflects this new image projected by the Institute through its modern design and specific colours, thus making ICPAC more appealing to its members, students, associates and the public in general, whilst maintaining its dynamism and focus. Refreshing the Institute’s image and appearance is, of course, only one side of the coin; the other includes the many challenges and prospects that ICPAC is keen to address. This new development falls within the scope of the Institute’s strategic planning. The Council and management are working to meet all the strategic objectives that have been set, and a number of activities are already under way, including the further enhancement of the management team in order to better address its regulatory and other responsibilities, the provision of additional services and value to its members, support to the Government and the further enlargement of its network of affiliations and international cooperation with renowned professional bodies in other countries. It is worth noting that the recent AGM was attended by representatives of the professional accountancy bodies of Romania (CAFR), Malta (MIA), Serbia (SRRS) and the UK’s Institute of Directors (IoD). In the context of ICPAC’s commitment to cooperate more closely and strategically with the Government, it recently signed two protocols of cooperation: one with the Ministry of Foreign Affairs on matters relating to Economic Diplomacy and one with the Cyprus Securities and Exchange Commission.
We remain at the forefront of economic developments in the country and we continue to work for the further advancement of the accountancy profession. This was one of the main messages delivered to the AGM by the outgoing President of the Institute, Marios Skandalis, along with his ten proposals regarding the need for a new masterplan for the economy. So, with a new face and a new image, ICPAC remains true to its core values and principles and ready to achieve its strategic objectives and face new challenges, with the drive and dynamism it draws from you, its members.
