Institutes – CIMA recruits three directors

CIMA pressed ahead with its radical managerial shake-up this week with the launch of a recruitment drive for three new directors.

The directors will spearhead three key committees – professional standards, members’ services and student affairs – as the institute seeks to expand its representation in both the private and public sectors.

Speaking at the institute’s agm last weekend, outgoing president Peter Layhe said membership fees would rise by an unspecified amount to meet increasing IT and property demands, despite an 11% jump in annual revenues.

‘We have outgrown our capacity and might need to reflect this in membership fees in the next year or two,’ he warned.

During the agm, Layhe was also attacked for not disclosing the salaries of top institute officials and questioned over plans to rationalise the profession.

But he denied the institute was holding secret merger talks with ACCA, adding: ‘The allegations that we are still involved in some discussions with ACCA are simply untrue. The merger was firmly killed within six weeks.’

Since ACCA’s abortive three-way merger bid with CIMA and CIPFA last year, CIMA has urged rival institutes to bury any merger plans.

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