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Dollars & Sense

On Thursday 10th February 2011, the Faculty of Business and Economics held a launch event for two new Departments and the International Governance and Performance Research Centre.

Held amid the backdrop of the Museum of Sydney, the launch event brought together some 130 guests including staff – from both within the Faculty as well as from the University executive – and industry practitioners. The two new Departments presented at the launch were the Department of Accounting and Corporate Governance, as well as the Department of Applied Finance and Actuarial Studies. With a guest speech from Shadow Treasurer of NSW and Member for Manly, Mike Baird; the major theme for the evening was in bridging the academic-practitioner divide in these areas.

Executive Dean, Professor Mark Gabbott highlighted the strengths and drive of each new Department. “The Department of Accounting and Corporate Governance places accounting together with the legal and regulatory environment in which it operates. We believe that issues of governance, regulation and compliance are inextricably linked to the reporting, management, and financial health of Australian businesses,” said Professor Gabbott. “The new Department will be headed by Professor Philomena Leung and will also house the International Governance and Performance Research Centre headed by Professor Nonna Martinov-Bennie and generously supported by CPA Australia,” confirmed Professor Gabbott.

In reference to the new Department of Applied Finance and Actuarial Studies, Professor Gabbott says, “[It] brings together academics with research backgrounds in actuarial studies, financial economics, financial accounting, and mathematical finance to address some of the major contemporary issues in finance. The Department will also house the world renowned Applied Finance Centre and the Centre for Financial Risk. The new Department is headed by Professor Phil Dolan who has considerable expertise across the various disciplines as well as substantial industry experience to support the Applied nature of the Department.”

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