First Nations Chiefs Pass Landmark Resolution to Strengthen Aboriginal Financial Management

    QUEBEC CITY, July 17 /CNW Telbec/ - First Nations Chiefs passed a
watershed resolution at the Assembly of First Nations Annual General Assembly
today which represents a significant step forward in efforts to build capacity
on First Nations for effective financial management.
    The resolution was put forward by Chief Dennis Meeches, Long Plain First
Nation, Manitoba and Grand Council Chief John Beaucage, Union of Ontario
Indians, on behalf of the Aboriginal Financial Officers Association (AFOA) of
Canada - an organization dedicated to enhancing Aboriginal financial and
management skills. One of the ways that AFOA fulfills its mandate is through
the Certified Aboriginal Financial Manager (CAFM) educational program and
designation. The CAFM designation is tailored to the specific Aboriginal
context and is the only one of its kind in the world. There are currently
close to 400 CAFMs across Canada.
    In the resolution the Chiefs-in Council recommends that First Nation
members obtain financial and management training and pursue the CAFM
designation through AFOA, and they signal their support of the CAFM as a 
credential when hiring personnel in financial and management positions. The
Chiefs also expressed their support of the role that AFOA plays in enhancing
Aboriginal financial management and directed Indian and Northern Affairs to
provide funding to First Nations for financial and management training to
improve skills and build capacity within First Nation communities.
    The resolution signals to all First Nations the requirement for
competent, effective financial managers in today's environment - where the
knowledge and skills required of Aboriginal financial managers are
significantly more sophisticated than what was required 20 years ago, and
where many First Nations struggle to find competent Aboriginals to fill key
financial management positions.

    The AFOA was founded in 1998 as a result of a joint initiative of the AFN
and the Certified General Accountants Association (CGA) of Canada to raise
financial and management skills in First Nations and build the foundation for
self-government. AFOA's premise is that the key to creating a better life for
Canada's Aboriginals and a better future for the next generation lies in
improving the management skills of those responsible for the stewardship of
Aboriginal resources.
    For background on the resolution and more information on the AFOA, visit

For further information:

For further information: Suzanne Seebach, Director, Programs, Services
and Communications, AFOA Canada, Toll free 1-866- 722-2362 ext. 114, Local
(613) 722-5543 ext. 114,

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Aboriginal Financial Officers Association of Canada

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