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PwC’s Chief Financial Officer Programme

Sedona Hotel, Yangon, Myanmar

Developing finance leaders of the future

May – Jun 2019

© 2019 PricewaterhouseCoopers Risk Services Pte. Ltd. All rights reserved.

Message from the Managing Partner

“Myanmar is one of the fastest growing

economies in the world and its businesses

are transforming rapidly to keep pace.

More than ever, equipping finance

leadership with the rights skills and

competencies to partner business leaders

is critical in addressing the growing

complexity businesses have to confront.”

Over the last two to three decades, the role of the CFO in well run businesses around the world have evolved from the traditional accounting and controllership functions, to one of acting as a partner to the CEO. In fact, many successful CFOs have subsequently taken on the CEO role. Personally, I like to think of the CFO as the CEO aide with a numeric view of their business and the world (think Matrix, the movie).

To be sure, the Finance function today still needs to play the controllership role and keep a good set of accounting books for financial reporting, management accounting and tax filing purposes. In fact, with the standardisation and globalisation of accounting standards and the tax authorities’ increased efforts to stamp out leakages, the controllership and reporting function is never more important. But it is a hygiene factor – failure to do so will damage the business, but doing it well alone is insufficient to help the business succeed.

To be a true business partner, the CFO needs to be a key player in formulating and supporting the organisation’s business strategy, and be responsible for capital allocation and recycling, evaluating investments, supporting M&A, raising debts, optimising capital structure, managing foreign exchange exposure and deploying surplus cash. The job of a new age CFO is both multi-facet and challenging, but also rewarding.

We are proud to bring you the second run of PwC’s CFO Programme for Myanmar.

Leveraging on the strong foundation of the first run, we have developed a programme based on the experience gained from our multi-competency practice, practical insights from CFOs and academic studies by university professors. This powerful and unique curriculum combines practical skills demanded of CFO today with academic theories. Your faculty includes university professors, experienced CFOs and subject matter experts from PwC.

The Programme offers a conducive platform for like-minded professionals to enrich their knowledge and skills and discuss contemporary issues relevant to finance leadership.

I welcome you to this Myanmar CFO Programme and your next step in professional development.

Ong Chao ChoonManaging Partner PwC Myanmar

2 CFO Programme 2019 by PwC’s Academy

Benefits of PwC’s CFO Programme for Myanmar

A curriculum that is Fit for Purpose

A powerful and diverse faculty

Insights from leaders in finance

Comprehensive and non-disruptive timetable

The PwC CFO Alumni Network

The curriculum is developed with senior finance leaders in mind and includes modules which are relevant to global economies. This includes corporate governance, risk management, managing IT in an organisation, financial reporting, mergers and acquisitions, anti-bribery and corruption and insights from practicing CFOs.

Our faculty includes professors from the National University of Singapore and experienced practitioners and subject matter experts at PwC. This makes for a powerful intersection of theory, industry experience and practical application.

Hear from successful and experienced CFOs past and present on what it takes to be a competent CFO of today. Our speakers include CFOs of multi-national companies, board of directors of large listed companies and PwC partners.

The CFO Programme for Myanmar is designed in a format which enables busy executives to complete the programme in country without disrupting their professional or personal activities. The programme comprises 10 modules and these will be conducted on Fridays and Saturdays weekly.

The programme is not only a platform for senior finance professionals to exchange knowledge, experiences and understand and explore potential solutions to the challenges facing the finance function in the Myanmar economy, but also offers access to the exclusive CFO Programme Myanmar Alumni Network.

CFO Programme 2019 by PwC’s Academy 3

Testimonials

Samantha Mya Pwint PhyuPwC CFO Programme Alumni, Cohort 1, Dec 2018Director, AMMK Holdings

“This course is a MUST for those seeking to become well-rounded CFOs. The programme has provided me with the tools and frameworks to help me think about organizational, strategic and financial management of my company.”

George LattPwC CFO Programme Alumni, Cohort 1, Dec 2018CEO, Seezar Soesan Group of Companies

“PwC’s CFO Programme is a great programme delivered by real practitioners with up to date content. I particularly enjoyed the interaction with veteran CFOs in panel discussions and round table discussions with participants from various backgrounds. I recommend this course to not only aspiring CFOs but also to CEOs and business owners of medium to large enterprises who want to gain a holistic understanding of the financial side of their organizations.”

Tin Moe AyePwC CFO Programme Alumni, Cohort 1, Dec 2018Senior Finance Director, Myanmar Net

“This programme covered many financial management techniques and gave me many more ideas and inspiration to hit the ground running. I also learnt from my fellow students and their feedback actually helped me understand better. The networking and contacts made on the programme are invaluable.”


Overview of PwC’s CFO Programme for Myanmar Three pillars, an unrivalled experience

Day 1

Day 2-5

Day 6-8

Day 9

Day 9

Graduation

Financial management, reporting and tax

Ethics and investor relations

PwC’s CFO Programme

2019 The CFO as a

business partner

• Incorporates the PwC Experience where we strive to provide our clients with priority service and a unique, stimulating and memorable experience;

• Introduces a powerful line up of PwC experts and industry guest speakers who share real-life examples, cover relevant topics and trends, and provide useful material for pre-class, in-class and take-home work/assignments;

• Applies the PwC Interactive Learning Advantage (PILA); keeping our training/learning solutions as interactive and engaging as possible to increase returns on learning (ROL) using a combination of activities and discussions;

• Provides participants with a relevant curriculum designed around the core competencies of a future ready finance leader in Myanmar.

Programmelaunch


Learning journey and synopsis of modules Date & Time Module Objectives

Programme Launch

Day 1

Fri, 24 May2 pm

Programme Launch • Welcome address by PwC Myanmar’s Managing Partner

• Objectives of the PwC CFO Programme for Myanmar

CFO Panel • Learn and understand what it takes to be a great CFO by listening and interacting with industry veterans sharing their experiences and insights

Governance, Risk Management and Controls

• Learn and understand the core principles for corporate governance and risk management

• Appreciate the basics of Board structure and composition

• Recognise effective risk management frameworks• Learn from best practices sharing beyond

Myanmar, from in and around the region, based on PwC’s extensive client and market interactions

Dinner, drinks and networking

• Experience a unique opportunity to network with industry and subject matter experts and fellow coursemates

CFO as a business partner – Strategy, Mergers and Acquisitions and IT

Day 2

Sat, 25 May9 am

Corporate Strategy • Understand the Integrative Framework of strategy that revolves around ‘value creation’ and ‘value capture’

• Recognise the Strategy Canvas as a tool to develop a unique portfolio of benefits and the Business Model Canvas as tool for successful strategy implementation

• Learn how winning in emerging markets requires an ability to combine different types of innovations

• Understand how a firm may need to change its internal structure, routines, and incentives to align with its strategic direction




Day 3

Fri, 31 May9 am

Mergers & Acquisitions - How to successfully complete a Deal

• Recognise key M&A principles • Evaluate your strategic direction and growth plan • Appreciate the due diligence process and

importance of preparing for due diligence • Be aware of the steps, documentation and common

issues when completing a deal • Understand post deal integration strategies and

challenges

Day 4

Sat, 1 Jun9 am

Corporate Structures and Capital Markets

• Understand the roadmap to being a listed company• Recognise common pitfalls to getting listed• Be aware of Singapore listing requirements

Valuing a Business • Understand business valuation principles and valuation techniques and methodologies which you will be able to use to estimate the value of a business


Day 5

Fri, 7 Jun9 am

Managing Technology in the Digital Age

• Recognise how technology changes and digital transformation in the organisation can be driven by shaping strategic direction

• Learn how to maximise the technology investments while effectively managing technology risks by taking an integrated view across the organisation to achieve technology governance using international best practices

• Be equipped with a practical approach to managing complex business information systems that can support the governance infrastructure, providing process efficiency, enhanced control, improved visibility and security, while empowering business intelligence and reporting

Financial, Management Reporting and Tax Planning

Day 6

Sat, 8 Jun9 am

Tax Planning • Learn the fundamentals of local and international tax planning and structuring and how these could benefit your business



Financial, Management Reporting and Tax Planning

Day 7

Fri, 14 Jun9 am

CFO Dialogue: Financial Management

• Participate in a dialogue on effective financial management: corporate treasury, budgeting and planning, managing debts, capital allocation and cash flow management

Understanding Financial Ratios

• Learn to leverage financial ratios as analytical tools that can be used for robust organisational analysis

• Uncover the financial health and strengths of a business, and also spot red flags if the business is in poor financial health or when there are indications of potential anomalies

Day 8

Sat, 15 Jun9 am

How Accounting Standards impact your business

• Obtain an understanding of the genesis ofaccounting standards and development of IFRS in key jurisdictions

• Understand how the accounting standards are applied and how you can manage consequential business implications such as changes in key performance metrics and required data, system and process enhancements

• Prepare for the anticipated implementation challenges to achieve IFRS convergence by 2022

Ethics and Investor Relations

Day 9

Fri, 21 Jun9 am

Ethics and Anti-Bribery and Corruption

• Learn and understand the challenges and appropriate actions to take for companies to prevent and detect the risks of fraud, bribery and corruption

CFO Dialogue: Investor Relations

• Dialogue on effective Investor Relations

Graduation Event • Closing gala dinner • Conferring of PwC CFO Programme for Myanmar

certificates• Networking opportunities


Your PwC faculty

ONG Chao ChoonManaging Partner, PwC Myanmar

Chao Choon is PwC Singapore's Deputy Chairman and Advisory Leader, and also PwC's Asia Pacific Transactions Leader. He has over 20 years of hands-on experience in providing due diligence, auditing and other advisory services to private equity firms, Singapore corporations and multinationals across Asia Pacific.

Alywin TEHPartner, Enterprise Risk Management Leader, PwC SingaporeHead of Risk Assurance, PwC Myanmar

As a risk management consulting and internal audit practitioner, Alywin has significant financial sector commercial experiences having worked in the regional internal audit division of a MNC bank and was seconded to the Asia regional offices of two MNC insurers as their Regional Head of Internal Audit and Regional Chief Risk Officer respectively. While on secondment at the regional offices of those insurers, Alywin headed up regional functions such as Internal Audit, Risk Management, and Finance Projects. As an internal audit practitioner, Alywin has extensive experience leading and supporting various global and regional internal audit co-sourcing and advisory engagements.

Oliver WILKINSONPartner, Strategy, PwC Singapore

Oliver is a Strategy Partner based in Singapore. He brings 12+ years experience as an advisor to top businesses and financial investors. Alongside his core client work, Oli has extensive experience in designing and delivering Strategy courses. Oli holds a Masters in Mathematics (First Class Honours) from Oxford University and is a member of the Institute of Chartered Accountants in England & Wales.

*Trainers' involvement is subject to availability and PwC reserves the right to change the appointed trainers at its own discretion.

Rebekah KHAN Partner, Assurance and Capital Markets, PwC Singapore

Rebekah is a Partner within the Singapore firm’s capital markets division,specialising in initial public offerings, reverse takeovers, bond offerings andother capital market transactions as well as the audit of listed companies andprivate equity portfolio companies.

Rebekah has led some of the firm’s major capital markets transactions. Inthese transactions, she project leads the accounting work streams to ensuremilestones are met and applicable regulations are complied with as well asliaising with the investment banks and law firms on financial informationdisclosure requirements.She is a fellow of the Institute of SingaporeChartered Accountants.



Jimmy SNG Partner, Digital Trust, PwC Singapore

Jimmy Sng is a partner in the PwC’s Digital Trust practice that delivers high value solutions, from strategy to execution, solving clients’ complex business problems through technology enablement. He is responsible for the cybersecurity practice. Over the last 5 years, he has led engagements focusing on data loss & leakage remediation, security analytics and identity & access management.

CHAN Kheng TekPartner, Forensic Services Leader, PwC Singapore

Kheng Tek has over 26 years of professional experience and leads the Forensic Services practice of PwC Singapore. He specializes in financial investigations and assets tracing / asset recovery work, damage assessment and litigation/arbitration support. During his career, he has conducted numerous investigations including some of the largest corporate scandals in Singapore. Kheng Tek has also led numerous Anti-Bribery & Corruption engagements in the South East Asia region. He is a Certified Fraud Examiner and a Chartered Accountant with the Institute of Singapore Chartered Accountants.

Sanjoy BANERJEEManaging Director, Risk Assurance, PwC Singapore

Sanjoy is a Managing Director with the RA practice in PricewaterhouseCoopers LLP Singapore with more than twenty five years of work experience in Singapore and other territories in APAC. He recently joined back PwC after a two year stint in the industry (NYSE listed MNC) as a Risk Management and Business Assurance (RBMA) Head for APAC. As a RMBA head reporting to the APAC Risk Committee, he was responsible for developing, coordinating and reporting the risk management activities for the various territories within APAC. While in PwC he conducted reviews, imparted training, made presentations and conducted consulting projects on Corporate Governance, Risk Management and Internal Controls on a regular basis.

Paul CORNELIUS Partner, PwC Singapore | Tax Practice Leader, PwC Myanmar

Paul currently leads the tax practice of PwC Myanmar and has advised many multi-national companies on tax structuring for investment into Myanmar. He is also responsible for Myanmar tax compliance for many companies covering both direct and indirect taxes. Paul has co-ordinated local and regional projects involving tax and other lines of services including business advisory and risk and control solutions and provided tax advice to local and international clients in Myanmar. Paul has led many discussions with the Myanmar authorities, including Myanmar Investment Commission, Ministry of Electricity and Energy and the Internal Revenue Department, helping clients with incentive applications, advance ruling applications and disputes.

Your PwC faculty



Senthilnathan SAMPATHManaging Director, Accounting Advisory, PwC Singapore

Senthil is a Managing Director from the Accounting Advisory Services in PwC Singapore with 17 years working experience. He has advised a number of global banking and insurance institutions across Asia through their transitions to new bases of accounting and embedded complex accounting solutions, with the aim of enabling sustainability of finance function change over the long-term. Also heavily involved in a myriad of seminars and trainings, Senthil often speaks on key current accounting topics for the cross-industry audience. He is one of the lead IFRS trainers in PwC Singapore and has trained more than 1500 participants over the past few years.

Janeshwar PACHIGOLLAManaging Director, Deals Advisory, PwC Myanmar

Janeshwar has over 9 years experience working across South East Asia, Dubai and India. In the past three years he has extensively worked with large Private Equities and Corporate House’s supporting their acquisitions primarily in financial due diligence. Over the past 3 years he has assisted various clients with Market Entry Projects, Market Studies and Due Diligence in Myanmar Region. Apart from financial due diligence he has also involved in some operations reviews via consulting projects in Myanmar.

Belinda NEOManaging Director, Risk Assurance, PwC Myanmar

Belinda has more than 15 years experience in PwC Singapore and also in Hong Kong through a secondment. Currently, she spends her time in Myanmar to support companies and businesses in Myanmar with their assurance, financial reporting and internal controls needs and requirements. Belinda is the team leader for several internal control review, IFRS workshops and accounting advisory engagements in Myanmar. She has also led global and regional audits of local multinational corporations as well as is experienced in initial public offerings. Belinda also previously led the Singapore Assurance service group for government and public sector entities, providing assurance services to some of the biggest public service providers for housing, education and social and economic development.

Mike P MYINTDirector, Cyber and Technology, PwC Myanmar

Mike is a Myanmar repatriate and a seasoned technology executive with over 15 years of experience in cyber security strategy, Enterprise Risk Management (ERM), information security policy, telecommunications and internet service providers, banking and financial systems as well as extensive project management and implementation both locally and internationally. He is focuses on helping public and private enterprises to emerge through the digital transformation initiatives while ensuring the potential risks are properly managed.

Your PwC faculty



Dmitry KOSAREVDirector, Forensic Services, PwC Singapore

Dmitry has more than 25 years of professional experience at PwC including 12 years in the Forensic Services practice. During his career he was working mainly in France, Russia, Japan and Singapore. Dmitry was involved in various assignments focused on fraud investigation and anti-bribery compliance breaches for clients from various industries, including some of the biggest frauds in the world. The work included collection of evidence for use in criminal and civil proceedings, and preparation of reports that were submitted to authorities or published. He conducted assignments in Europe, Africa, Asia and Latin America.

Dev A SinghviAssociate Director, Deals, Advisory, PwC Myanmar

Dev is a valuations specialist in the deals team with experience spanning the UK, Singapore and Myanmar. He has performed valuation work under various contexts such as M&A, commercial, tax, financial reporting and dispute valuations. His sector experience includes valuations in various contexts in the telecoms, media and technology space. He has also performed valuations in the energy, industrial manufacturing, shipping and financial services sector.

Your PwC faculty

Other faculty/invited speakers

Ishtiaq Pasha MAHMOOD Professor, NUS Business School

Mr. Ishtiaq Pasha Mahmood studies and works with multinational and indigenous companies on their emerging market strategies and teaches (under)graduates and senior executives. He joined the NUS faculty in 1999, after obtaining an economics degree from Oberlin College (1992) and a Ph.D. from Harvard (1999). He has won the Aspen Faculty Pioneer Award that recognises educators who integrate social and environmental issues into their academic research, educational programmes and business ethics.

Cyndi PEICFO, Yeo Hiap Seng Limited

Ms. Cyndi Pei functions as the CFO and reporting to the Group CEO, and is responsible for the entire spectrum of finance strategic and operational activities in the Yeo Hiap Seng Group. She has a total finance team of approximately 100 members with 9 direct reports. Yeo Hiap Seng Group is listed on the main board of Singapore Stock Exchange and is an established food and beverage business with operating out of seven countries and serves more than 20 markets. Prior to this, she spent 14 years with PwC Singapore providing audit and advisory services while also leading business development for Real Estate and TMT industries.


Ramlee BUANG Board director, former CFO of Cerebos Pacific Ltd

Mr Ramlee Bin Buang is a Life & Executive Coach, a Financial Consultant and an Independent Director. He has more than 35 years of experience in international business and finance having worked in audit and leading multinational corporations from various industries. He was an Executive Director and CFO of Cerebos Pacific Ltd from 1998 to 2014, and Director and Chairman of ARC of Far East Orchard Limited and Director of NHG. He is a member of the Chartered Association of Certified Accountants (United Kingdom), CPA (Australia) and a non-practicing member of the Institute of Singapore Chartered Accountants. He also holds a Graduate Diploma in Marketing and attended the Harvard Business School Advanced Management Program in 2011. He is a Certified Professional Co-Active Coach (The Coaches Training Institute) and an Associated Certified Coach with International Coaching Federation. He currently serves on the board of various charities and companies in Singapore.


Other faculty/invited speakers

HOE Ghim WeeCFO, ILBC Holdings Pte Ltd

Mr Hoe Ghim Wee is the CFO of ILBC Holdings Pte. Ltd., a private education group operating in Myanmar. He is responsible for the overall financial performance of the Group, which includes the functions of financial reporting, management reporting, financial risk management, corporate tax and internal controls. Prior to joining ILBC, he spent 4 years as the CFO for Golden Glory Group Pte. Ltd., a real estate group operating in Myanmar developing industrial and residential projects. Before that, he spent 12 years with PwC LLP specialising in the banking and capital markets sector, and was involved in financial audits, US SOX and China SOX attestation reviews, internal audits, and financial due diligence projects. During this period, he had been seconded to PwC Aarata (Tokyo, Japan) for a period of three years, and to PwC ZhongTian CPAs Limited Company (Beijing, People’s Republic of China) for a period of two years. Mr Hoe is a Chartered Accountant of Singapore, and holds a Bachelor’s degree in Accountancy from the Nanyang Technological University of Singapore.


PwC’s CFO Alumni Network

As a graduate of the CFO Programme, you will become a lifetime member of the CFO

Programme Alumni network, an exclusive network where experienced CFOs, aspiring CFOs

come together to play an active role in the ongoing transformation the Myanmar economy and

the CFO role herein, and at the same time accelerate their own careers and businesses. The

CFO Alumni network is a platform for connecting, exchanging ideas and experiences,

mentoring and collaborating with peers, and also a system for influencing change and shape

the transformation of the Myanmar economy.

The CFO network members have access to a number of events, such as:

• Regular roundtable series around key issues facing CFO and aspiring CFOs

• Cross-industry insights for CFOs and financial executives on accounting standards, financial

reporting, and regulatory hot topics

• Webinars, addressing new developments

• Reunions and networking events featuring key note speakers


Who is right for this programme?

Eligibility

The CFO Programme is designed for current CFOs and aspiring CFOs; next generation financial leaders, high potential financial managers and other senior financial executives (e.g. C suite, C- 1, C-2 levels) with strategic and financial responsibilities.

Applicants to the CFO Programme should meet the following criteria:

• A university degree, diploma or qualification in any discipline

• Good command of English

• At least five years of full-time work experience in a finance management role

• Endorsement by your current employer of your participation in the programme is strongly encouraged

Programme fees

USD 4,800 excluding commercial tax

The programme fee includes all course instruction and course materials, refreshments, lunch, and access to the networking dinner at the start of the programme.

It excludes meals, travel and accommodation expenses.

For more on programme fees, dates and registration forms, please contact: [email protected]

How to apply

Registration for the CFO Programme for Myanmar closes on Monday, 20 May 2019.

Register your interest at https://www.pwc.com/mm/en/academy/academy-CFO programme.htmlor complete the application form at the end of the brochure.


Application form

Personal detailsName: Mr/Ms/Mdm ……………………………….……….… Designation: ………………………………………

Email: ………………………………………………………….. Contact No: ……………………………………….

Organisation sponsorName: Mr/Ms/Mdm …………………………………………… Designation:……………………………………….

Company: ………………………………………………………………….. Address: ……………………………...

…………………………………………………………………………………………………………………………

Email: …………………………………… Contact No.: ……………………….. Fax: ………………………….

Describe your work experience

Describe your educational background

What are your objectives and what would you like to achieve from the CFO programme?

Special Meal Requirements (if any):…………………………………………………………………………………….


Application procedureRegistration and Payment

To apply for the programme, the following documents need to be submitted:1. Completed Application form2. Official copy of University Degree or equivalent (translated in English, if originally in

another language) 3. Endorsement by your current employer of your participation in the programme (highly

recommended)4. TOEFL or IELTS test score is required if the medium of instruction in your university

education was not in English.

Registrations will only be confirmed upon receipt of payment and registration form. Upon acceptance of your application, you will receive an invoice for the programme. Please email the scanned copy of your application form and the required documents to [email protected] or mail the registration form and payment to:

PwC’s AcademyAttn: May Ohn Nyunt Kyi, M&C Dept.Unit 02, 04, 06, Level 11, Myanmar Centre Tower 1, No 192, Kaba Aye Pagoda Road, Township, Yangon, Myanmar

Payment is to be made in USD only.

Payment method can be made either by cheque, or bank transfer.

For registration and enquiries, please email us at [email protected].

Note:• Fees includes all course instruction and course materials, refreshments, lunch, and

networking dinner at the start of the programme.• The seminar will be conducted at a hotel • Certificate of Achievement will be awarded upon successful completion of the workshop.

Cancellation policy:Full payment must be made prior to the programme. Registered participants will be liable for the full fee even in the event of non-attendance.Upon receipt of registration, any request for cancellation or a replacement must be confirmed in writing at least (7) working days before the programme and subject to PwC’s Academy’s approval.A 10% administrative fee will be imposed for any cancellation or deferment received less than (5) working days before the seminar.

PwC reserves the right to amend, postpone or cancel the programme due to unforeseen circumstances.


PwC CFO Programme 2019 Run 2 Brochure€¦ · 0hvvdjh iurp wkh 0dqdjlqj 3duwqhu ³0\dqpdu lv rqh ri...

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