80YEARSOFTHECICM 2019 marks the 80th anniversary of the Chartered Institute of Credit Management (CICM). Over the course of the year we will take a closer look at the most important moments in its rich history and those figures that have played a part in shaping it. CHARTERED INSTITUTE OF CREDIT MANAGEMENT ●80YEARS 1939 - 2019 Meeting of minds June 1934 – Cuthbert Greig met with William S Swingle, a Manager at the Foreign Credit Interchange Bureau (FCIB) of the National Association of Creditmen. Agreements on text and evening lectures July 1939 – the first formal meeting was held. Cuthbert Greig was elected Chairman and the other council members as Fellows. The publication of credit management text books was agreed as well as a series of evening lectures. September 1947 – the Council agreed the new name – The Institute of Credit Management. The official publication is named ‘The Transactions of the Institute of Credit Management’. The first student enrolled on correspondence course. ICM begins working closely with Government March 1980 – Sir Kenneth Cork played a key role in the insolvency law reforms. Working closely with government the profile of the ICM was raised considerably and members of the senior team regularly commented in the national press. A new man at the top January 2006 – replacing Peter Rowe MBE who had been in post since 1992 establishing and independent secretariat for the Institute, Philip King FCICM appointed Director General. 1939 1939 1947 1980 2006 2008 Publication of the first of the Managing Cashflow Guides January 2008 – the Managing Cashflow Guides were developed by the ICM for the Department of Business, Innovation and Skills (BIS) as part of a major initiative to improve the payment culture among UK PLCs. Achieving Chartered Status January 2015 – the most significant moment in the history of the organisation came when the ICM formally became the Chartered Institute of Credit Management (CICM). 2015 2017 Bringing credit management to a TV audience November 2017 – CICM partners with ITN Productions to produce a news and current affairs style programme exploring the impact credit management has across the supply chain and the need to support the growth of businesses and the economy through healthier cashflow. 1938 1946 1964 1986 1987 2009 2009 2015 2018 2018 2019 What’s in a name? November 1938 – the committee would be known as the National Institute of Creditmen. Based in London with regional branches, membership fees were set at £1 1s per year for full members and 10s 6d for associates. The start of the post-war revival July 1946 – following a number of years of quiet, an unofficial meeting was held and revived the Institute. It was also agreed that papers would be generated to ensure those ‘creditmen’ who had been away to war would not be disadvantaged. Membership drive November 1946 – the first AGM. Greig steps down as Chairman and becomes President. A major drive for new members begins under new secretary. Arise Sir Kenneth March 1964 – Sir Kenneth Cork elected President. He also served as Lord Mayor of London between 1978-1979. 1986 – Son of Sir Kenneth, Sir Roger Cork was the driving force behind the establishment of the Federation of European Credit Managers Associations (FECMA). He was Lord Mayor of London between 1996-1997. The big Mac retires March 1987 - J.C. McNeil Greig retires after 40 years’ service including time as Chairman and Vice President. The Prompt Payment Code February 2009 – the launch of the Prompt Payment Code. The ICM administered the code on behalf of BIS. This collaboration with government raised the profile of the ICM further. Director General becomes Chief Executive June 2009 – Philip King appointed Chief Executive as part of a move to streamline the management structure of the organisation and make it fit for purpose for the 21st Century. By Royal appointment March 2015 – the Royal Charter unveiling ceremony with many guests attending from the Institute’s past and present. Launch of the Knowledge Hub July 2018 – the launch of the Knowledge Hub, an initiative to provide members and subscribers with access to more than 1,000 knowledge resources covering the entire credit management life cycle. Safety in numbers July 2018 – The Mentor Hub is also launched. CICM members can achieve significant professional and personal benefits by being matched with a mentor or mentee. The Recognised Standard / www.cicm.com / January / February 2019 / PAGE 34 The Recognised Standard / www.cicm.com / January / February 2019 / PAGE 35
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