The South African Institute for Professional Accountants, SAIPA, will later this month become the first professional body for accountants to sign the Collaborative Stakeholder Movement’s (CSM) Anti-Corruption Pledge. The CSM provides a platform for constructive engagement between diverse leaders and stakeholders around common causes.

“We are delighted to be one of the first leading organisations to demonstrate our support for the CSM campaign by signing the pledge,” says SAIPA chairperson Shirley Olsen. 

“This is our way of saying, publically, that we as a professional body are committed to using all of our resources and influence to help lead South Africa in stamping out corruption.”

Olsen will sign the pledge on behalf of members during SAIPA”s annual Budget Speech function at 18:00 on Wednesday 25 February at the Hyatt Hotel in Rosebank, Johannesburg.

Earlier this year, the South African Board of People Practices became the first human resources body to sign the pledge.

“We are delighted that private sector organisations are taking the lead in saying no to corruption through such a partnership,” says Olsen. 

The pledge commits SAIPA to engaging with any and all stakeholders, including business, government, labour, civil society, statutory organisations, clients, vendors, partners, associates and staff to combat bribery, fraud and corruption.

“As professional accountants, we are at the very coalface of where such illegal practices take place – and are covered up. To this end SAIPA, as a professional body, commits that its members will not engage in acts of bribery, fraud or corruption, whether directly or indirectly. That’s what we will not do. But what we will do is also of great importance.”

In terms of the pledge, SAIPA undertakes to promote initiatives and support legislation that provide effective safeguarding to anti-corruption whistle-blowers in the private-, public- and non-profit sectors. “This fits well with what we already do as a trusted advisor to government when it comes to submissions on lawmaking,” she says.

The pledge also requires its signatories to endeavour to report on and confront individuals and organisations that approach us to participate in any acts of bribery, fraud or corruption.

“In terms of this, SAIPA members already follow a strict international code that condemns such behaviour in the strongest terms.”

“Given the expertise of our members, especially where we work with government in supporting its financial operations, we are aware that we as professional accountants are in a unique position to play a powerful role in stopping corruption in its tracks,” she says. 

“Rarely does corruption have no witnesses outside of the primary agents. We, as SAIPA, are saying that if we come across it, we will do all that we can to root it out. That is our commitment to building our country on a clean, stable foundation.” 

Quoting part of the pledge, Olsen concludes: “As a Catalyst for Collaboration, SAIPA is a face for positive change in South Africa. We are an active ambassador for realising the collective dream of a thriving country, one in which all citizens are sustainably employed in a land void of the challenges fashioned by bribery, fraud and corruption. 

“We pledge our devotion to provoking and inspiring South Africans to work together to fight against these evils, so that all citizens may live and work in a free and fair economy.”

ENDS
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MEDIA CONTACT: Cathlen Fourie, 012 644 2833, cathlen@thatpoint.co.za, www.atthatpoint.co.za  

For more information on SAIPA please visit:
Website: www.saipa.co.za 
Twitter: @SAIPAcomms
LinkedIn: South African institute of Professional Accountants Company
Facebook: South African Institute of Professional Accountants

This year, the Top Women Awards will benefit from the input of one of South Africa’s leading women in finance, Shirley Olsen – chairperson of the South African Institute of Professional Accountants (SAIPA).

“As a woman who started her own accounting practice at the age of 20, and now focusses on being a consultant and trainer in Finance and Corporate Governance, Shirley is eminently qualified to judge the attributes of other top women,” said Shahied Daniels, Chief Executive Officer at SAIPA. “We are very proud of her achievements to date, as well as this particular acknowledgement!” he added.

The Top Women Awards is a prestigious event in which female leaders are celebrated for outstanding performance in the world of business and government. The winners will be announced at a gala event at Emperors Palace, Johannesburg, on 14 August 2014.

“I felt extremely honoured to have been invited to be a judge this year and took this position very seriously,” said Olsen. “As there are many women who have succeeded in business, I looked for women who stood out because of their uniqueness as well as women who struggled to succeed against all odds, particularly in a male dominated area such as mining.”

“The nominees were of a high calibre and I am very interested to see who the final winners will be, especially in the highly competitive individual categories,” she said.

ENDS
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MEDIA CONTACT: Cathlen Fourie, 012 644 2833, cathlen@thatpoint.co.za, www.atthatpoint.co.za  

For more information on SAIPA please visit:
Website: www.saipa.co.za 
Twitter: @SAIPAcomms
LinkedIn: South African institute of Professional Accountants Company
Facebook: South African Institute of Professional Accountants

Traditionally a male-dominated sector, the number of women in finance in South Africa is steadily increasing. According to the South African Institute of Professional Accountants (SAIPA), its number of female members increased by around 15% over the past two years.

“The share of women amongst trainees – the next generation of accounting professionals – is now in the majority at 63%,” says SAIPA chairperson Shirley Olsen. “This is particularly exciting since it indicates that women will remain a significant force to be reckoned with in the future.” At the same time, according to the FASSET sector skills plan, the share of women in finance increased to 62% in 2012, proving this trend to be true across the sector.

“It is clear that women play a key role in the economic growth of the country,” she says. According to Olsen, anecdotal evidence suggests that women’s positive impact on business often occurs as the result of a different dimension being brought to the thought processes and decisions made in business.

“Women bring a unique and valuable element to the table that should under not be discounted,” she adds. “In fact, as women we should encourage each other to overcome the obstacles we face in business, precisely because our presence in business is so important.”

Words of advice

Learn to delegate
“One thing I have learnt during years in business is that women try to do too much,” Olsen says. “Women need to learn that in order to survive: you cannot do everything, so delegate those tasks that will free you up to do what you are good at - and that is looking after your clients’ finances.”

Embrace your strengths
“See your femininity as a strength,” Olsen adds.  “Women need to learn to relax and ‘roll with the punches’. Everyone makes mistakes in business, yet it seems that women, who tend to be more emotional about things, are less forgiving of themselves than they ought to be.”

Women are accomplished multi-taskers, yet when one is running a business, Olsen believes that multi-tasking can do more harm than good. “Developing a laser focus - concentrating on one important aspect of your business development at a time - can make one exponentially more productive. Give the important aspects of your business your full attention for a designated period for greater productivity and phenomenal results.”

Network effectively
Olsen believes that being part of recognised body, like SAIPA, can have positive influence on women’s careers.

“I do believe that seeing and speaking to other SAIPA female members has motivated many woman to believe they can succeed,” she says. “I know that when I have spoken to women in their own accounting practices, they have been inspired to see a woman as chairman.”

“Anything is possible for women in finance. Believe in yourself, seek the support of peers, have a good plan and be determined to succeed, even in the face of failure,” she concludes. 

ENDS
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MEDIA CONTACT: Cathlen Fourie, 012 644 2833, cathlen@thatpoint.co.za, www.atthatpoint.co.za  

For more information on SAIPA please visit:
Website: www.saipa.co.za 
Twitter: @SAIPAcomms
LinkedIn: South African institute of Professional Accountants Company
Facebook: South African Institute of Professional Accountants