The International Association of Financial Executives Institutes or IAFEI (www.iafei.org) is a private non-profit and non-political association of Financial Executives Institutes from all over the world. Founded in 1969, IAFEI currently has 16 Member Institutes in the Americas, Asia, Europe and the Middle East, with a total membership of over 12,000 financial executives. IAFEI aims to: – build and improve mutual understanding internationally among financial executives through the exchange of financial information, experience and ideas; – provide a basis for international cooperation among financial executives toward making financial systems and regulations more uniform, compatible and harmonious worldwide; – promote ethical considerations in the practice of financial management throughout the world.