Past Chairman's Reflection

Immediate Past Chairman Wayne Patterson FAIM gave his final address at May's Annual General Meeting.

In concluding his second term of three years on the AIM Board, Mr Patterson thanked his colleagues and the management community for their support of his leadership.

"I thank Deputy Chair of the AIM Board, Mike O'Hagan FAIM, and my fellow Board members who are dedicated to the principles of developing managers and leaders in the business community. I also thank the management community in Queensland and the Northern Territory who seek to be the best they can be and continue to drive the Institute to provide best practice opportunities for their development," Mr Patterson said.

"In my view, AIM's well planned strategies, even in times of rapid change and the uncertainty and unpredictability of our natural environment see the Institute in a resilient and relevant position.

"We celebrate the Institute's sixtieth year in 2011 and we celebrate also the start of the next chapter in supporting and recognising managers. The future is very bright indeed," he said.

In his final address, Mr Patterson reported that after weathering the challenging times of 2009 and the GFC, the Institute produced a strong performance in 2010 with a significant increase in revenues and surplus, outperforming other AIM divisions across Australia on all indicators of underlying business performance.

"Cash reserves increased to $2.6 million over the course of 2010 with Total Assets exceeding $12.8 million and Members' Fund exceeding $12.1 million at the year end. This increase was in large part due to growth in public training numbers, an increase in Bookshop sales, and AIMQ Online, the online qualifications portal which grew 188 per cent in revenue in 2010," Mr Patterson said.

"The Institute continues to be recognised as Queensland's largest private educator in management and leadership, a position that enables significant leverage in the marketplace where brand reliability and strength are key determinants in securing ongoing business," he said.

Mr Patterson has been a Director of the Institute for 6 years and has a rich AIM pedigree, having progressed from regional committee member to Chairman of AIM Qld & NT and a Director of AIM National.

Mr Patterson is a professional manager with more than 20 years experience in building successful businesses. His current appointments include Company Director at McCarthy Homes, Executive Officer at the Queensland Emergency Medicine Research Foundation, Chairman at Mandalay Technologies, Company Director at Multitrode and Founder of the Point Break Group.