Nation Media, Deloitte launch CFO awards
Left to Right: Chief corporate and regulatory officer at Umeme Blessing Nshaho, head of sustainability at Stanbic Bank Cathy Adengo, NMG-Uganda brand manager Esau Joshua, chairperson of member network panel at ACCA Uganda Rita Balaka, head of ACCA Uganda Charlotte Kukunda, NSSF CFO Stevens Mwanje, and director of Deloitte Uganda Mabel Ndaula at the launch of the awards in Kampala on Tuesday. PHOTO | STEPHEN OTAGE
What you need to know:
- While announcing the launch of the awards, Ms Rita Balaka, the chairperson of the Member Network Panel at ACCA Uganda, said they are focusing on environmental, social, and corporate governance (ESG) because that is where the world is heading.
Nation Media Group Uganda, Deloitte, and Association of Chartered Certified Accountants (ACCA) Uganda have launched the sixth edition of the annual Chief Financial Officer Awards scheduled for October 27.
According to Mr Norbert Kagoro, the country managing partner of Deloitte Uganda, the awards recognise the contribution of chief finance officers (CFOs) in the growth of organisations.
“We organise these awards to bring to the forefront the contribution CFOs make to the growth of organisations, we support them to adapt to changes as they evolve and the themes have been towards their contribution to the strategic direction of the organisations,” he said at the launch in Kampala on Tuesday.
Mr Kagoro said this year’s theme focuses on environmental, social, and corporate governance reporting.
He said previously, finance officers reported figures and corporate social responsibility activities, but with integrated reporting, organisations are now required to report what they do to safeguard the future of the planet and the sustainability of the environment.
The award categories include the most coveted CFO of the year award, Young CFO, strategy execution, finance transformation, public sector, SME sector, not for profit sector, and sustainability awards.
While announcing the launch of the awards, Ms Rita Balaka, the chairperson of the Member Network Panel at ACCA Uganda, said they are focusing on environmental, social, and corporate governance (ESG) because that is where the world is heading.
She said whereas the government has also started moving in the same direction, the steps are minimal, adding that they believe CFOs play a catalytic role in addressing the social agenda and also ensuring that more women are sitting on boards.
“Last year, we looked at risk, and this year we are focusing on ESG. The government is trying to ensure that there are as many women as possible on board,” she said.
Mr Esau Joshua, the brand manager of NMG-Uganda, said the awards are in line with the company’s new corporate culture that aims at producing stories that impact readers.
“At Nation Media, we are moving away from just producing stories in the newspapers or our media platforms, but producing stories that change people’s lives from where they are to the next best platform,” he said.
Mr Nelson Muhumuza, the manager in-charge of audit and assurance Deloitte UK, who presented the keynote address via zoom at a breakfast meeting, said environmental social and corporate governance reporting shows the world its production processes and how they are ensuring that their systems do not compromise environmental needs of future generations.
