Sri Lankan Management Accountants Need To Ensure Corporates Re-imagine Businesses

Sri Lankan Lady elected as CIMA Global Vice President 20/21

Management Accountants need to ensure that boardrooms understand that it would be imperative for Sri Lankan corporates and organizations to reimagine their business if they are to remain successful despite the present challenges posed by Covid 19 Global Pandemic.

“Management Accountants unlike traditional finance professionals are the best equipped specialists in reinvigorating proactive decision-making and effective thinking, navigating businesses and organizations through robust and reliable business planning and implementation, ensuring business continuity, effective crisis management and disaster recovery,  business restructuring, forecasting, budget management, debt restructuring and sensitivity and risk analysis,”  added an optimistic Kanaka.

Melanie Janine Kanaka, was elected as the Global Vice President of The Chartered Institute of Management Accountants (CIMA) by over a resounding 88% of its global members voting at the 101st Annual General Meeting held on 3 June, acknowledging her 30 year service to the CIMA fraternity worldwide.

In CIMA’s 100 year history, Melanie is the first lady outside of the UK, elected to this global position, to be part of the leadership team in a fraternity of over 650,000 members and students, living in 179 countries and territories. Being the first resident Sri Lankan to hold this prestigious office, she brings to bear glory to this island nation.

Melanie is the first Sri Lankan and non-UK assessor invited to the CIMA Global Membership Board in 2009, and has been a Membership Assessor since 2008. In 2013 she was elected to CIMA Council from South Asia for a three year term and was subsequently co-opted in 2017. She has served on many Policy Committees of CIMA, namely, Membership, Lifelong learning, Technical, and Member Services. In 2015, she was elected to CIMA’s Appointment’s Committee.  She chaired the Membership Committee and under her leadership the committee introduced an appeals’ process for membership. Melanie chaired the Professional Standards and Conduct Committee of CIMA in 2019/2020, which made significant contributions to the revised CIMA Code of Ethics

She is a Director of the Association of International Certified Professional Accountants, which is the most influential body of professional accountants, combining the strengths of the American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA), to power opportunity, trust and prosperity for people, businesses and economies worldwide.

Admitted to Fellowship in 2000, Melanie has 30-year extensive experience in Corporate Finance, SAP and Development Banking, across USA, Germany and South Asia, working for Bellsouth (USA), DFCC Bank and Sri Lankan Conglomerates Hayleys Group and MAS Holdings. She also served on the Audit Committee of the International Planned Parenthood Federation headquartered in London.

At present, Melanie is the Head of Finance and Administration at the World Bank in Sri Lanka and Maldives.

She is a Fulbright Scholar, with an MBA specializing in International Finance and Corporate Strategy from the Goizuetta Business School of Emory University USA. She has a B.Com (Hons) degree with a first class from the University of Sri Jayewardenepura, Sri Lanka, and is a distinguished alumna of Bishop’s College, Colombo, Sri Lanka. She is a former national swimmer for Sri Lanka, with the rare distinction of officiating at the Centennial Olympic Games in Atlanta, USA.

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