Board Member Q&A - Andrew McFarlane FAIM
As part of our regular series where we introduce the AIM Group Board, we recently sat down for a chat with AIM Board Member, Andrew McFarlane FAIM to hear how he became involved with AIM and what role he believes AIM Membership can play in the careers of Australia's managers and leaders.
After gaining invaluable consulting experience in organisations such as Hungerfords and KPMG, Andrew established his own consulting company MOMENTUM Business Advisors Pty Ltd in 1988 where he is principal consultant. Andrew is a director of multiple companies in the Momentum Property Group as well as a Member of the Women’s and Children’s Health Network – Audit and Risk Committee, the CEO of the Italian Benevolent Foundation SA Inc (Aged Care Provider with over 550 staff) and was previously a director of Nepenthe Wine Group.
Andrew holds a Bachelor of Economics and is a member of the Certified Practicing Accountants, a Registered Tax Agent, Certified Professional Manager and a Fellow and Life Member of the Australian Institute of Management.
How did you become involved with AIM?
I became involved initially through Terri Whiting who was the Chair of AIM in South Australia in 2004. A vacancy came up for a finance role on the board which I was invited to fill and I’ve been a Member since then. In 2010 I was elected as Chair of AIMSA and was heavily involved with the national merger which led to me being elected to the National Board. With the recent establishment of AIM Group and AIM Education and Training, I currently sit on both Boards.
I was also involved with the establishment of the South Australian campus located at Hindmarsh providing a state-of-the-art training facility that enhances education in leadership and management.
Why do you believe professional memberships are important for managers and leaders?
It’s crucial for your career path to engage in continual learning as well as networking. AIM is unique in the sense that it isn’t one profession centric, so you get a whole cross section of professionals varying from lawyers to accountants and HR practitioners. This provides a great mix of opinions and skills within the membership group that is not offered in some other professional bodies, where the conversation is going to tend towards being quite occupation specific. Some profession specific bodies are much more technically focused whereas with management and leadership you need to be able to up skill during the different stages of your career.
What is the key benefit that AIM offers to its Members?
I believe the major benefits are networking as well as development in leadership and management. We’ve now developed multiple pathways through AIM’s course offerings including the MBA which originated in South Australia and that’s proved to be a successful program for AIM Members.
I think for our younger Members, there are big opportunities for networking amongst the AIM Membership as at that stage of their career, many of them are in the challenging phase of determining their career. I also think there are huge opportunities for AIM regionally playing a major part in providing networking and development opportunities for regional Members.
Which Membership initiatives are you most enthusiastic about?
There’s a huge focus on the increase in value of being an AIM Member in terms of tangible benefits. We’re also focusing on building the brand recognition of an AIM Member within the business community. We want to develop AIM into being the desired standard you need in your resume as an employment criteria and we’ve seen it more recently with people occasionally requesting AIM Membership as a minimum requirement for a position. We’ve got some of the elements there for building that recognition such as the Chartered Manager designation offered through our partnership with the Chartered Management Institute UK and within all of these elements is the idea that AIM Members are committed to ongoing learning and development.