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'Businesses can help children reach their full potential'.

Document Cited in Related
Vincent
AuthorBabber, Gulzari
PositionA word from the president

Like many people, I worry about what the future holds for my grandchildren. It's reassuring to see them growing up healthy and happy, but there is always the nagging thought at the back of my mind that it will be a much more turbulent, uncertain world when they reach adulthood.

Of course, nobody can accurately predict what lies ahead, but I was pleased to learn that earlier this year the United Nations Global Compact joined forces with two children's charities to ensure that businesses play their part in ensuring that the youngest members of society have the opportunity to reach their full potential.

The new "Children's Rights and Business Principles" document lays out the first comprehensive guidelines on actions that companies can take in the workplace, marketplace and community to support children's rights. An important part of this work is the development of talent. This chimes well with CIMA's own mission to "help people and businesses to succeed". Our focus is centred on promoting the science of management accounting, and we are also strongly committed to developing the business talent of the future.

One of our biggest successes in this field is CIMA's Global Business Challenge (GBC). The 1 GBC is designed to introduce university undergraduates to the thrills and spills of business life. The popularity of the competition has been phenomenal. In four years, the number of participating countries has grown from eight to 22, while the number of competitors has doubled to almost 14,000. The competition is based on CIMA's final case study examination and, although the teams have guidance from their tutors, I would describe it as the Olympics for young businesspeople.

At secondary school level, CIMA has developed two highly regarded events, both of which are designed to develop business-related skills. In Sri Lanka, the CIMA Spellmaster competition has enjoyed huge interest and is now broadcast on national TV every year. With its unique combination of education and entertainment, it has been described by a leading Sunday newspaper in Sri...

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