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A message from Michael P. Boyle.

Dear Colleague:

For slightly more than six decades Tax Executives Institute has worked to meet the needs and advance the common objectives of in-house tax professionals. I have been active in the organization for many years, and before becoming president in August 2005, I was honored to serve as Senior Vice President to Judith P. Zelisko of TEI's Chicago Chapter, the Institute's 2004-2005 International President. This report summarizes the major accomplishments of Judy's year as president, and it gives me great pleasure to associate the Institute's current leadership team (and myself) with it, both because of the depth and breadth of TEI's activities and because our plans for the current year are build upon and flow from last year's achievements.

The 2004-2005 membership year was an astonishing one for TEI in terms of our educational programs, our advocacy programs, and our networking initiatives. Under Judy's able leadership, the Institute achieved much, whether measured in terms of the objectives set by the Board of Directors or our financial results. It was also a year of both transition and continuity, as we expanded to Asia, reorganized and expanded our staff, and expanded our advocacy activities beyond their traditional focus on tax laws, rules, and regulations to agencies and groups such the SEC, FASB, IASB, OECD, and PCAOB. By whatever measure you choose, the year that ended on June 30, 2005, is one about which the members, leadership, and staff of TEI can be rightly proud.

At Judy's suggestion, the Board adopted the theme Be Effective, Stay Effective for 2004-2005, and set the following objectives:

* Be Current, Stay Current ... Through Quality Education Programs on Tax Developments and Tax Management Issues

* Be Connected, Stay Connected ... by Enhancing Member Communications and Strengthening Network of Tax Professionals

* Be a Voice, Have a Voice ... Through Enhanced Advocacy

* Be Involved, Stay Involved ... By Identifying and Addressing Demographic Trends and Other Barriers to Membership Growth

* Be Efficient, Stay Effective ... by Improving Operation and Management of TEI

In the summary that follows, Judy Zelisko reviews TEI's achievements during the past year. Her report provides fresh and indisputable evidence of why TEI is the preeminent association for corporate tax executives--it is because of the dedication, hard work, and savvy of accomplished professionals such as Judy and her team. On behalf of the membership, I thank her for her service to TEI.

Sincerely yours,

Michael P. Boyle

2005-2006 International President
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Title Annotation:2005 Annual Report
Publication:Tax Executive
Date:Sep 1, 2005
Previous Article:2005 annual report.
Next Article:The year in review.

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