IMC-Jordan looks into financial report for 2006-2007 at General Assembly meeting

The names of the new board of directors that will serve a new term in office were also announced after elections were performed according to the institute's by-laws.

The results attained during 2007 can be described as satisfactory compared to previous years, as 2007 witnessed major milestones namely expansion of IMC-Jordan membership base and signing several Memorandums of Understanding, firstly with The Industrial Development Bank/ USAID (The United States Agency for International Development) to support IMC-Jordan's projects as well as cover part of the operational expenses.

IMC-Jordan also cooperated with Jordan Upgrading and Modernization Program (JUMP) in preparing a business plan for the years 2007-2009 to provide effective long and short-term measures for continuous development as IMC-Jordan is a non-for profit professional institute.

IMC-Jordan has also signed agreements with donor agencies to support its training workshops, the most important of which was the Memorandum of Understanding with The National Fund for Enterprise Support (NAFES) to support the Certified Manager Program (CMP) participants, as 30% of the course cost were covered by NAFES for IMC-Jordan members and participants from companies benefiting from the fund. Another agreement was signed with the Institute for Financial Analysts (IFA) in Lebanon to conduct training workshops in Jordan for the Certified Valuation Analyst (CVA) Certificate. 11 participants have taken this course so far.

Ms. Salwa Bamieh, Head of IMC-Jordan Board of Directors, commented on the meeting saying "We are very proud and happy that IMC-Jordan has strongly regained its activity and presence as evident in the anticipated results of the last two years. This outcome emerged from the guidance of the unique and professional members of the Board of Directors as well as the efficient and highly qualified administrative staff. I would also like to add that what really contributed to the success was the proper financial planning as IMC-Jordan obtained financial support from various sectors that contributed in the institute's progress and expansion of the membership base.

Ms. Bamieh added, "We will continue to guide the consulting sector and will always seek to attract a large number of members to benefit from our programs and contribute to the development of the Institute for mutual benefits."

Ms. Bamieh thanked the Industrial Development Bank, USAID, JUMP and NAFES for their valuable contribution and support for IMC-Jordan's programs and activities.

Mr. Munther Hammoudeh, IMC-Jordan treasurer, added "The financial results for the last two years were really effectual; IMC-Jordan has achieved an increase in income and membership subscription. IMC-Jordan achievements and the ability to obtain financial support have greatly contributed to its steady development, which we hope to continue in the coming years to maintain IMC-Jordan's efficiency and position in representing the management consultancy and training professions."

The elected board members are: Dr. Hamdalla Mubarak president, Mr. Fariz Barakat vice president, Mr. Emad Sabe'elaish secretary, Ms. Tamara Abdel Jaber treasurer, and the following members: Mr. Majd Abbasi, Mr. Ala' Haddad and Dr. Mahdi AL-Alami.