Search is on for the 4th ING-FINEX CFO of the Year

MANILA, Philippines - The Financial Executives Institute of the Philippines (FINEX) and ING Bank, Manila Branch, part of a leading global financial institution, are now searching for the country’s best finance professionals for its annual Chief Finance Officer (CFO) of the Year Awards.

Now in its fourth year, the ING-FINEX CFO of the Year Awards aims to acknowledge CFOs whose leadership, professionalism, integrity and ethical practice have become instrumental to their companies’ financial success and even to nation-building. 

“These leaders do more than just guide their organizations towards successful business operations. Good businesses, by virtue of giving employment and facilitating trade and commerce, translate to a good economy. This search recognizes the significant roles of finance professionals in national progress,” says Greg Navarro, FINEX president.

Nominees for this prestigious award should manifest a sound ethical compass, emotional self-confidence and effective communication skills, among the other criteria set by FINEX and ING.

“Effective communication skills are important for CFOs. Now they must be media-savvy and good communicators. The reason is that CFOs should be able to effectively and efficiently communicate the message of how credible and competent their company is to the outside world,” emphasized ING country head Zondy Garcia. 

Nominees need not be a FINEX member to qualify. There is no age limit and nominees can come from any private local and multinational company, as well as government-owned and -controlled corporations (GOCCs) and government financial institutions (GFIs) in the Philippines. However, only FINEX members are entitled to endorse the nominees. This award’s search committee is also tasked to hold an extensive search for eligible nominees all over the country. 

Candidates can be nominated through a letter signed by a FINEX member and at least one executive (department head or above) from the nominating organization. The nominee’s updated curriculum vitae with references, as well as the nomination form, must also be included in the nomination envelope. Nomination forms can be obtained from the FINEX secretariat at Unit 1901 139 Corporate Center, Valero St., Salcedo Village, Makati City, and may also be downloaded at www.finex.org.ph.

Nominations may be sent to the FINEX secretariat office or e-mailed to admin@finex.org.ph. Deadline for nominations is Oct. 6.

Candidates will be evaluated based on their companies’ performance for the financial year 2009. Compliance with the Bureau of Internal Revenue (BIR) and the Security and Exchange Commission (SEC) filings on April 15, 2010 will also be part of the criteria.

This year’s FINEX CFO of the Year will join the ranks of past awardees: Jose Sio of SM Investments Corporation (2009), who helped boost his organization’s expansion efforts through investment opportunities, Sherisa Nuesa of Manila Water Company (2008), whose financial leadership helped the company’s assets grow from P4.6 billion to P24.4 billion, and Delfin Gonzales of Globe Telecom (2007), whose savvy planning contributed to the company’s increased revenues that year.

For more information, contact the FINEX secretariat at 811-4052 or visit www.finex.org.ph.