World Congress for CFOs runs in Africa for first time
After winning the bid to host the event on behalf of the International Association for Finance Executives Institutes’ (IAFEI), the South African Institute for Business Accountants (SAIBA) will launch an international conference for CFOs today.
SAIBA is Africa’s first CFO organisation to be accepted as a member body of IAFEI. This will be the first time the World Congress for CFOs will be hosted in Africa. The two-day programme is plans to create greater awareness of issues delaying positive growth in the industry and concerns around financial management.
Day one (9 November) of the Congress will focus on political and economic issues such as the implications concerning Brexit, it’s impact on the EU and global economy, the developments in Base Erosion and Profit Shifting (BEPS), as well as rating agencies and corporate governance.
Day two (10 November) will centre on technological innovations and its impact on financial executive management, leadership, stakeholder management and managing market risk. Feedback and thought development are important objectives and IAFEI will be concluding the Congress with round table discussions by various international committees, giving congress attendees the opportunity to engage with speakers.
Speakers include thought-leaders such as the Chairman of the King Committee, Judge Mervyn King (RSA); CFO of RSA Parliament (keynote address), Manenzhe Manenzhe; CEO of the SA Institute for Tax Professionals, Keith Engel (RSA); KPMG Cyber Security Manager (RSA), Nathan Desfontaines; Chairman of IAFEI (Italy), Fausto Cosi; president of BDO Capital & Investment Corporation, Eduardo Francisco (Philippines) and Michael Jordaan, former CEO of FNB and Head of Montegray Capital (RSA) as well as Nicolaas van Wyk who is the CEO of SAIBA and a board member of the global CFO body, the International Association of Finance Executive Institutes (IAFEI).
A percentage of the Congress’ proceeds will be donated to the International Organisation of Migration.
For more information visit http://iafeiworldcongress.com,
5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly
Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.
Here, Business Chief talks to Janthana about her leadership style and skills.
What do you do, in a nutshell?
I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.
How would you describe your leadership style?
I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.
What’s the best leadership advice you’ve received?
Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.
How do you see leadership changing in a COVID world?
I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.
They say ‘from every crisis comes opportunity’, what opportunities do you see?
The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless.
What advice would you give to your younger self just starting out in the industry?
Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.