President and CEO of IMA visited Shanghai Jahwa

On March 28th, Jeffrey C. Thomson, President and CEO of IMA, Jim Gurowka, Senior Vice president of IMA, Richard LI, Vice president and Chief Representative of IMA China, Miumiu ZHANG, Cooperation & Development Director of IMA East China, and other colleagues visited Shanghai Jahwa, the strategic partner in China.     

Min HAN, Deputy General Manager, CFO and Secretary of the Board of Shanghai Jahwa, David XU, Chief Technology Officer of Jahwa carried out the reception.

In the meeting, Shanghai Jahwa introduced the company overview, operation principle, digital transformation, ESG governance and talent training.

Jeffrey C. Thomson, President and CEO of IMA, concluded the meeting with the well recognition and wishes on Shanghai Jahwa's 125th anniversary.

Min Han, Deputy General Manager, CFO and Secretary of the Board of Shanghai Jahwa, said that corporate environmental, social and governance (ESG) becomes increasingly important for the sustainable growth of a corporate. Jahwa has made a lot of efforts in ESG governance, and as a result Jahwa’s ESG rating is upgraded to BBB in 2022 by MSCI, a globally renowned provider of indexes, marking a new high in Jahwa’s history and indicating Jahwa’s status in the top echelon in the domestic cosmetics and household chemicals industry. In addition, Wind ESG rating for Jahwa has been upgraded to AA from A in 2021, and its ESG overall score is 8.57 (out of 10), ranking the first in the industry by a convincing margin.

Facing the trend of digital transformation and new business models, financial personnel should be no longer limited to accounting and supervision, but extend to providing information for the business analysis and decision. They should, in light of the corporate goals, effectively play the role of resource allocator to realize the value creation. After Min Han being elected as CFO of Jahwa in 2017, she reshaped and upgraded the finance team and conducted a comprehensive evaluation of the competency of finance team members in a short period of time, and promoted the internal organizational structure of the finance department from accounting to analysis.

Under the leadership of Ms. Han, Jahwa’s finance team actively promotes the digital transformation through digital tools, improves the cash conversion cycle, shortens the product development cycle, and improves the profitability of the company. Moreover, in order to improve financial management and create value for Jahwa and shareholders, the finance team inputs more resources in building up a financial management information system, to establish the core financial platform, improve the overall transparency, fullness and timeliness of the financial disclosures to the public and the effectiveness of the governance, realize professional, process-based, standardized and intelligent management of financial affairs in business activities, so as to provide useful business analysis and decision-making support for Jahwa’s executive team, and help Jahwa to achieve better performance.

Min Han highly recognized and appreciated IMA's initiatives to help the development of enterprise management accounting in China, and hoped that through future cooperation, it can bring more benefits to both sides, break down the barriers between management accounting education and enterprise talent demand, and help enterprises improve quality and efficiency in digital transformation and ESG governance.

Jeffrey C. Thomson, President and CEO of IMA said that IMA's vision is: To be the leading resource for developing, certifying, connecting, and supporting the world's best accountants and financial professionals in business. IMA has always been committed to promoting the development of the management accounting, cultivating management accounting professionals with an international perspective, and actively cooperating with relevant organizations on industry research and talent training for the last 100 years. As a comprehensive global enterprise with a great number of brands, divisions, subsidiaries and partners, Shanghai Jahwa keeps staying young, dynamic, and creative, which made a true difference for the stakeholders around the world, and he is very much looking forward to the future cooperation.

In the future, Shanghai Jahwa and IMA will carry out multi-angle in-depth cooperation on the construction of management accounting talents, support for the career development of accounting talents, knowledge dissemination, continuous education and industry research, and work together for common development.