Salvador Marin Elected New President

At its 2019 Annual General Meeting of 28 June the European Federation of Accountants for SMEs (EFAA) elected Salvador Marin to be its new President with immediate effect.

Marin was nominated by Consejo General de Economistas (CGE) and gained the unanimous support of EFAA’s member organisations. Marin’s term of office will run through to the EFAA AGM of 2021. He succeeds Bodo Richardt who helped transform EFAA into an influential regional accountancy body.

Marin said: “EFAA is a highly capable organization with enormous potential. I look forward to working tirelessly with members, staff and the EFAA Board so that EFAA can continue to be of great service and support to its members, SMPs and our profession.”

Marin is well equipped to succeed Richardt. Salvador Marin’s professional background spans academia, business and practice. As a practicing economist and adviser he has gained considerable experience in financial economics and financial information and extensive national and international experience in strategic consulting, economics, internationalisation, and financial reporting and management of SMEs and financial institutions. Presently he is the managing partner of a boutique practice of international advisers, member of the Board of Directors of a Spanish company with responsibility for international affairs, senior advisor in a venture capital Company, and General Coordinator for International Professional Regulation at the General Council of Economists of Spain (CGE). Marin boasts substantial international experience gained through his tenure as CEO of COFIDES, the Spanish Development Finance Institution and member of the Boards of Directors of EDFI, Marin has held positions in the field of Public Management having served as a minister in regional government in Spain). Author of over a one hundred books, articles, papers on financial information, Marin has experience as a lecturer at university and several national and international business schools. Marin holds a Doctorate in Economics and Business Administration, specialising in Financial Information and gaining a distinction. Marin is Certified Accounting Expert by the Spanish Register of Accounting Experts.

Marin aims to build on EFAA’s three-pillar strategy to inform its members, advocate on their behalf and facilitate their connecting and collaborating with other professional accountancy organisations. “EFAA is the voice of accountants working in SMEs and SMPs in Europe. It is vital that our voice is powerful and persuasive and as far as is practically possible in concert with that of Accountancy Europe.”

At the AGM that elected Marin, EFAA’s 2018 Annual Report which summarizes the federations’ activities for 2018 was presented and is available here. EFAA’s 2019-2020 Activity Plan was also approved. This includes a strong focus on advocating for SMPs with the new European Commission and Parliament.

On the eve of the AGM, EFAA held its 2019 International Conference ‘Building the Digital Practice’, hosted by EFAA’s Dutch member The Royal Netherlands Institute of Chartered Accountants (NBA) at their Amsterdam headquarters. EFAA showcased a new tool, the Digital Competency Maturity Model - DCMM™, to help SMPs rate and improve their digital competency. EFAA plans to launch it this September. While closing the event, Richardt stressed the importance of attracting, retaining and developing talent to ensure SMPs obtain the best leverage on the opportunities digital technologies offer.