Changeover of President for the Malta Institute of Accountants following the Annual General Meeting

Mr William Spiteri Bailey was elected President of the Malta Institute of Accountants (MIA) following the Institute’s Annual General Meeting (AGM) held on 13 July 2017. Mr Spiteri Bailey is taking over from outgoing President, Mr Franco Azzopardi, who served his two-year term as the Institute’s President between July 2015 and 2017.

The AGM elected a new Council for the Institute. Mr Franco Azzopardi, Mr Etienne Borg Cardona, Mr Simon Flynn, Ms Maria Micallef, Mr Noel Mizzi, Mr William Spiteri Bailey and Mr Franz R. Wirth were elected for the term 2017 – 2019. These joined the other seven Council Members elected at the 2016 AGM: Mr Fabio Axisa, Mr Christopher Balzan, Mr David Delicata, Mr Jonathan Dingli, Mr Anthony Doublet, Mr Ivan Grixti and Mr Stephen Paris.

At the first meeting of the new Council, Mr William Spiteri Bailey was elected as President, Mr Fabio Axisa as Vice-president, Mr David Delicata as Secretary and Mr Noel Mizzi as Treasurer.

MIA council for the 2017-2018 term

During his address at the AGM, outgoing President, Mr Franco Azzopardi, spoke about the work undertaken by the Institute during his term.

“My mission statement for my term as President was to heighten our Member-centricity, our communication channels and our brand equity. I believe the Council, the Executive and myself have scored high on all three.”

Mr Azzopardi mentioned the work undertaken in relation to the Institute’s communication, both with Members and the public at large.

“Communication with members continue to be an important element of our operations. We have invested a lot in social media with the primary aim of reaching out to the general public and heightening awareness of the value our members can bring to them in all aspects of their finance.”

Mr Azzopardi then moved to highlight the work done by the Institute in relation to branding. The Biennial conference and the New Members Ceremony were given a twist from previous years. The latter alone was attended by an audience of around 900 people to welcome the 222 newly admitted Members who joined the Institute. An event held earlier this year, saw 19 former MIA Presidents being elected as Fellow Honorary Members in recognition of their valuable contribution towards the Institute and its history. He also mentioned the MIA history book which is soon going to print.

Mr Azzopardi closed his speech by stating: “I can tell you it was an exciting 10 years of working on Council, especially knowing that somehow, I cemented some building blocks in the structure of this magnificent Institute.”

Following his first Council meeting, Mr William Spiteri Bailey, as newly elected President, thanked the outgoing President for his hard work and the Council Members for electing him.

“My objectives for this two year term include: bringing the Institute closer to its Members and increasing the involvement of the younger members in existing and newly set sub-committees. The latter will serve the twofold objective of having committees made up of young accountants for young accountants and to subsequently obtain the right skills and competencies to become future Council members. I also intend to ensure continued involvement of the retiring generation of members in the Institute. I will be working hard to meet with and understand the needs of the different sectors of Accountants within the Institute and assist the Members in understanding and embracing the new Digital Era.”

He continued by outlining his intentions of exploring the possibility of rebranding the Institute’s name and terminology, and changing the term ‘Accountant’ to ‘Professional Accountant’. Mr William Spiteri Bailey closed off by stating that he will work closer with other professional accounting bodies, such as Accountancy Europe and IFAC (International Federation of Accountants) for the benefits of Members of our Institute. 

Since last year’s annual general meeting, the Institute continued growing its membership rate by a steady growth of 10%, now around the 3,000 figure. He mentioned the challenging time faced by the country, by the profession and by the Institute following reports by the media.

“As President of the Institute and on behalf of all you, I felt a strong sense of responsibility and obligation to act with speed and thrust to defend our name. I have pledged my energy to defend the Institute, your Institute, my Institute, against all this negativity, to restore our reputation to where it belongs.”